{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-24-065414","form_type":"8-K","ticker":"RIOT","cik":"0001167419","company_name":"Riot Platforms, Inc.","filed_at":"2024-05-28T23:59:59+00:00","discovered_at":"2026-05-14T18:03:17.510546+00:00","generated_at":"2026-06-01T07:54:21.538810+00:00","sec_items":["8.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Riot offers US$2.30/sh for Bitfarms (≈$950M equity), 24% premium to create largest public Bitcoin miner","bullets":["Proposal: cash + stock; Bitfarms shareholders would own ~17% of combined entity; no financing contingency.","Riot accumulated 9.25% stake, becoming Bitfarms' largest holder; plans to requisition special meeting for new independent directors.","Combined company would have ~1 GW power, 19.6 EH/s self-mining, with up to 1.5 GW/52 EH/s by year-end.","Riot's balance sheet: >$700M cash, 8,872 unencumbered BTC, de minimis debt; will fully finance Bitfarms' growth.","Original proposal delivered Apr 22 but rejected without dialogue; Riot raises governance concerns after CEO termination."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-24-065414","json":"https://secwatch.observer/filing/0001104659-24-065414.json","markdown":"https://secwatch.observer/filing/0001104659-24-065414.md","text":"https://secwatch.observer/filing/0001104659-24-065414.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1167419/000110465924065414/0001104659-24-065414-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1167419/000110465924065414/tm2415618d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-01T07:54:21.538810+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}