Block Mining earn-out for PPAs up to 305 MW
Company: Riot
What the later record shows
Outcome not yet confirmed
No passage says whether PPAs above 170 MW were executed or whether this $12.5 million tranche was paid. The only related item is a 2025 gain from lowering the earn-out estimate.
“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
An earn-out of $12.5 million is payable upon execution of PPAs above an aggregate of 170 MW, up to 305 MW, before December 31, 2025. Total earn-out consideration is up to $32.5 million.
Source (primary)
riot 8-K exhibit (riot-20240723xex99d2.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-11-01)Live source ↗
Quote: “$12.5 million upon execution of PPAs above an aggregate of 170 MW up to 305 MW prior to December 31, 2025”
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-20240723xex99d2.htm)
Quote: “$12.5 million upon execution of PPAs above an aggregate of 170 MW up to 305 MW prior to December 31, 2025”