secwatch.observer — SEC 8-K summary
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Issuer:     Riot Platforms, Inc. (RIOT)
CIK:        0001167419
Form:       8-K
Filed at:   2024-02-27T23:59:59+00:00
Accession:  0001167419-24-000008
Event type: other_material
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1167419/000116741924000008/0001167419-24-000008-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1167419/000116741924000008/riot-20240224x8k.htm
  HTML page:      https://secwatch.observer/filing/0001167419-24-000008

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer