Wind-down of acquired hosting business
Company: Riot
What the later record shows
Outcome not yet confirmed
No passage reports on terminating or expiring the acquired hosting contracts, or on replacing them with Riot miners.
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
Riot plans to wind down the acquired hosting business, which uses about 18 MW at close. Contracts covering 8 MW will be terminated under change-of-control provisions at closing, the remaining contracts will expire through May 2025, and Riot intends to replace them with its own miners.
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: “The remaining contracts will continue to expire until May 2025 ▪ Riot intends to replace terminated and expiring hosting contracts with its own miners”
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: “The remaining contracts will continue to expire until May 2025 ▪ Riot intends to replace terminated and expiring hosting contracts with its own miners”