Acquisition of Rhodium Encore LLC assets
Company: Riot
The claim, verbatim
Riot's subsidiary Whinstone acquired all tangible and intangible property of Rhodium Encore LLC at the Rockdale, Texas facility for $185.0 million total consideration consisting of $129.9 million in cash, $6.1 million return of Rhodium's power security deposit, and 6,989,800 shares valued at approximately $49.0 million
Source (primary)
Riot 8-K filed 2025-05-01 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “The total purchase price for the assets was $185.0 million, and consisted of approximately $129.9 million in cash, payable at Closing, $6.1 million return of Rhodium's power security deposit, and 6,989,800 shares, worth approximately $49.0 million, of the Company's common stock, no par value per share.”
How we checked this
Checked on September 17, 2026. The cited source supports part of this claim, but not all of it.
The filing confirms the $185.0 million price and each part of the payment. It does not support 'all tangible and intangible property': it describes substantially all tangible and only certain intangible property, with intellectual property excluded.
Confirmed in the source:
- Whinstone US, Inc. is a wholly owned subsidiary of Riot Platforms
- Whinstone agreed to acquire property of Rhodium Encore LLC located at Riot's Rockdale, Texas facility
- The total purchase price was $185.0 million
- The consideration included approximately $129.9 million in cash payable at closing
- The consideration included a $6.1 million return of Rhodium's power security deposit
- The consideration included 6,989,800 shares of Riot common stock worth approximately $49.0 million
We could not confirm this from the cited source:
- That Whinstone acquired all of Rhodium's intangible property at the facility; the filing says it acquired only certain intangible property and excluded assets such as intellectual property
That does not mean it is false — only that this source does not establish it, as of the date above. If we find a source that settles it, we will re-check and update this page.
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1167419/000155837025006115/riot-20250428x8k.htm) in full (7,165 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Riot 8-K filed 2025-05-01
Quote: “The total purchase price for the assets was $185.0 million, and consisted of approximately $129.9 million in cash, payable at Closing, $6.1 million return of Rhodium's power security deposit, and 6,989,800 shares, worth approximately $49.0 million, of the Company's common stock, no par value per share.”