Block Mining earn-out
Company: Riot
What the later record shows
Outcome not yet confirmed
The 2025 10-K reports an $18.1 million gain in 2025 from re-estimating the Block Mining earn-out, which suggests a lower expected payout. No passage says how much of the $32.5 million was earned or paid.
“the sellers are eligible to earn an additional $ 32.5 million in potential earn-out targets if certain milestones are reached by December 31, 2025”
2024-11-03 · Riot 10-Q filed 2024-11-04 View cached copy (2026-08-31)Live source ↗
“were a result of the change in estimates for the potential earnout contingent consideration to the former sellers in the Block Mining Acquisition”
2026-03-01 · Riot 10-K filed 2026-03-02 View cached copy (2026-08-31)Live source ↗
Checked November 1, 2026 against filings, releases and reporting published after the claim was made. Quotes are verbatim from the linked documents.
The claim, verbatim
Block Mining's sellers can earn additional consideration of up to $32.5 million through 2025 by executing additional power purchase agreements tied to the identified pipeline.
Source (primary)
riot 8-K exhibit (riot-20240723xex99d1.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-11-01)Live source ↗
Quote: “Additional consideration, up to a maximum of $32.5 million, can be earned by Block Mining through 2025 through the execution of additional power purchase agreements to add additional power capacity.”
How we checked this
This claim has not yet been checked assertion-by-assertion against its source. It carries a cited source and quote, but the deeper check has not run. When it does, the result appears here whatever it says.
Additional evidence
confirms riot 8-K exhibit (riot-20240723xex99d1.htm)
Quote: “Additional consideration, up to a maximum of $32.5 million, can be earned by Block Mining through 2025 through the execution of additional power purchase agreements to add additional power capacity.”