jain.com

2025 fleet efficiency target

Company: Riot

Subject kind
guidance
Statement date
2024-02-22
Promised by
2025-12-31
Promised amount
22.4
Current status
outcome unconfirmed

What the later record shows

Outcome not yet confirmed

The passages only give forecasts of 2025 fleet efficiency, which moved to 21.8, 21.1 and then 20.3 J/TH. None reports the efficiency actually achieved in 2025.

“Riot’s total fleet efficiency will be 20.3 J/TH in 2025 after current planned deployment of orders”
2024-10-29 · riot 8-K exhibit (riot-20241030xex99d2.htm) View cached copy (2026-10-25)Live source ↗

Checked November 10, 2026 against filings, releases and reporting published after the claim was made. Quotes are verbatim from the linked documents.

The claim, verbatim

Riot expects total fleet efficiency of 22.4 J/TH in 2025 after deployment of the initial MicroBT order, and 19.8 J/TH if the entire option is exercised.

Source (primary)

riot 8-K exhibit (riot-20240222xex99d2.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-11-10)Live source ↗

Quote: “Riot's total fleet efficiency will be 22.4 J/TH in 2025 after deployment of initial order, 19.8 J/TH if entire option exercised”

How we checked this

Checked on November 11, 2026. The cited source supports every part of this claim.

The presentation states both fleet efficiency figures and the conditions attached to each.

Confirmed in the source:

What we did: Read our cached copy of SEC EDGAR (8-K Ex) (https://www.sec.gov/Archives/edgar/data/1167419/000116741924000001/riot-20240222xex99d2.htm) in full (20,192 characters, retrieved November 10, 2026) and checked each assertion in the claim against it.

Additional evidence

confirms riot 8-K exhibit (riot-20240222xex99d2.htm)

Quote: “Riot's total fleet efficiency will be 22.4 J/TH in 2025 after deployment of initial order, 19.8 J/TH if entire option exercised”

View cached copy (2026-11-10)Live source ↗

Record of changes

November 10, 2026 — stated
Automated extraction from the cited source. Recorded automatically from the cited source when it was published, then queued for evidence review.
November 10, 2026 — outcome unconfirmed
Automated extraction from the cited source. Recorded automatically from the cited source when it was published, then queued for evidence review.