Riot purchases 31,500 MicroBT miners for $96.7M, raising 2024 hash rate target to 31 EH/s

Riot Platforms, Inc.

Order of 31,500 M60S miners (5.9 EH/s) at ~$16.50/TH; 70% deposit paid upon execution.
14,500 miners expand self-mining capacity; 17,000 replace underperforming units at Rockdale.
Rockdale hash rate to increase from 12.4 to 15.1 EH/s by end of July 2024 after deployment.
2024 year-end hash rate target raised to 31 EH/s, more than double the 2023 year-end rate.
Deliveries scheduled in two equal batches: May and June 2024.

item 1.01 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Riot Platforms, Inc. entered into Purchase Order with MicroBT valued at $96,673,500 (effective 2024-02-24).

Action: entry
Agreement: supply
Counterparty: MicroBT
Value: $96,673,500
Effective: 2024-02-24

Exact text from the filing

On February 24, 2024, Riot Platforms, Inc. (together with its consolidated subsidiaries, “ Riot ”) entered into a purchase order, dated effective as of February 23, 2024, (the “ Purchase Order ”) to purchase 31,500 Bitcoin mining servers (“ Miners ”) from MicroBT (through its manufacturing subsidiary), a leading manufacturer of Bitcoin miners, (“ MicroBT ”).

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Source: SEC EDGAR

accession 0001167419-24-000008

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