Elimination of Rhodium hosting losses and litigation costs
Company: Riot
The claim, verbatim
Operating losses from the legacy Rhodium hosting contract (nearly $15 million in 2024) and associated litigation expenses will be eliminated going forward.
Source (primary)
riot 8-K exhibit (riot-20250428xex99d1.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-10-16)Live source ↗
Quote: “operating losses associated with this legacy contract, which equated to nearly $15 million in 2024 alone, and associated litigation expenses, will now be eliminated going forward”
How we checked this
Checked on October 17, 2026. The cited source supports every part of this claim.
The CEO's remarks state that losses on the legacy contract were nearly $15 million in 2024 and that those losses and the related litigation costs will now be eliminated.
Confirmed in the source:
- The legacy Rhodium contract generated operating losses of nearly $15 million in 2024
- Those operating losses will be eliminated going forward
- Associated litigation expenses will be eliminated going forward
What we did: Read our cached copy of SEC EDGAR (8-K Ex) (https://www.sec.gov/Archives/edgar/data/1167419/000155837025006115/riot-20250428xex99d1.htm) in full (15,857 characters, retrieved October 16, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms riot 8-K exhibit (riot-20250428xex99d1.htm)
Quote: “operating losses associated with this legacy contract, which equated to nearly $15 million in 2024 alone, and associated litigation expenses, will now be eliminated going forward”