Riot to fully finance Bitfarms growth plans
Company: Riot
The claim, verbatim
Riot says its balance sheet would let it fully finance Bitfarms' growth plans. That balance sheet has de minimis corporate debt, more than US$700M in cash and 8,872 unencumbered BTC as of April 30, 2024. Riot also says there would be no financing contingency for the cash portion of the purchase price.
Source (primary)
riot 8-K exhibit (tm2415618d1_ex99-1.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-11-04)Live source ↗
Quote: “more than US$700 million in cash on hand and 8,872 unencumbered Bitcoin as of April 30, 2024 – both approximately 10 times greater than that held by Bitfarms, enabling Riot to fully finance Bitfarms’ growth plans”
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 (tm2415618d1_ex99-1.htm)
Quote: “more than US$700 million in cash on hand and 8,872 unencumbered Bitcoin as of April 30, 2024 – both approximately 10 times greater than that held by Bitfarms, enabling Riot to fully finance Bitfarms’ growth plans”