Rhodium acquisition and settlement
Company: Riot
The claim, verbatim
Riot acquired all of Rhodium's mining operations at Rockdale for $185.0 million in total consideration ($129.9M cash, $6.1M security deposit return, $49.0M in Riot shares), settled all outstanding litigation, and terminated the Rhodium hosting contract, exiting the hosting business.
Source (primary)
riot 8-K exhibit (riot-20250428xex99d2.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-10-16)Live source ↗
Quote: “$185.0MM in total consideration $129.9MM cash, $6.1MM return of security deposit, $49.0MM in Riot shares”
How we checked this
Checked on October 17, 2026. The cited source supports every part of this claim.
The deal-terms slide and key accomplishments slide state each element: the acquisition, the consideration breakdown, the litigation settlement, the contract termination and the hosting exit.
Confirmed in the source:
- Riot acquired all of Rhodium's mining operations at the Rockdale Facility
- Total consideration was $185.0 million
- Consideration comprised $129.9M cash, a $6.1M return of security deposit and $49.0M in Riot shares
- Riot settled all outstanding litigation with Rhodium
- The Rhodium hosting contract was terminated upon close
- The settlement marks Riot's exit from the hosting business
What we did: Read our cached copy of SEC EDGAR (8-K Ex) (https://www.sec.gov/Archives/edgar/data/1167419/000155837025006115/riot-20250428xex99d2.htm) in full (33,776 characters, retrieved October 16, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms riot 8-K exhibit (riot-20250428xex99d2.htm)
Quote: “$185.0MM in total consideration $129.9MM cash, $6.1MM return of security deposit, $49.0MM in Riot shares”