---
schema_version: "secwatch.filing_event.v1"
accession: "0001167419-24-000008"
form_type: "8-K"
ticker: "RIOT"
cik: "0001167419"
company_name: "Riot Platforms, Inc."
filed_at: "2024-02-27T23:59:59+00:00"
generated_at: "2026-06-05T10:43:20.741690+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001167419-24-000008
- form_type: 8-K
- ticker: RIOT
- cik: 0001167419
- company_name: Riot Platforms, Inc.
- filed_at: 2024-02-27T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1167419/000116741924000008/0001167419-24-000008-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1167419/000116741924000008/riot-20240224x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001167419-24-000008
- JSON: https://secwatch.observer/filing/0001167419-24-000008.json
- Plain text: https://secwatch.observer/filing/0001167419-24-000008.txt

## Key facts
- Material Agreements
  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
  source text: 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 ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1167419/000116741924000008/0001167419-24-000008-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.