Riot Platforms secures $162.9M MicroBT miner order to boost hash rate to 20.1 EH/s

Riot Platforms, Inc.

Initial order of 33,280 next-gen Bitcoin miners (M56S+ and M56S++) for $162.9M, adding 7.6 EH/s to self-mining capacity.
Miners produced in the US for Corsicana Facility; deliveries start Dec 2023, deployment planned in Q1 2024, completion by mid-2024.
Option to purchase up to 66,560 additional M56S++ miners (15.3 EH/s) on same terms, exercisable through Dec 2024.
Weighted average efficiency of 22.5 J/TH and cost of approximately $21.50 per TH.
Shareholders approved 4M additional shares for the 2019 Equity Incentive Plan at the annual meeting.

item 1.01 item 5.02 item 5.07 item 5.03 item 5.05 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Riot Platforms, Inc.: Amended and restated bylaws effective June 27, 2023, clarifying virtual meeting authority, permitting stockholder written consent, updating stockholder proposal timing and director eligibility requirements, and adding Nevada exclusive forum provision (effective 2023-06-27).

Change: bylaw amendment
Effective: 2023-06-27

Exact text from the filing

Effective June 27, 2023, the Board approved and adopted amended and restated bylaws for the Company

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

Riot Platforms, Inc. entered into Master Purchase and Sale Agreement with MicroBT valued at Initial purchase order of 33,280 Miners (including 8,320 model M56S+ Miners and 24,960 model M56S++ (effective 2023-06-23).

Action: entry
Agreement: supply
Counterparty: MicroBT
Value: Initial purchase order of 33,280 Miners (including 8,320 model M56S+ Miners and 24,960 model M56S++
Effective: 2023-06-23

Exact text from the filing

On June 26, 2023, Riot Platforms, Inc. (“ Riot ,” “ us ,” “ we ,” “ our ” or the “ Company ”) entered into a master purchase and sale agreement, dated effective as of June 23, 2023 (the “ Effective Date ”), with a leading manufacturer of Bitcoin mining servers (“ Miners ”), MicroBT (through its manufacturing subsidiary, collectively, “ MicroBT ”), regarding the long-term supply of Miners manufactured by MicroBT in the United States for Riot’s operations (the “ Master Agreement ”).

View on SEC.gov

11 governance changes filed in the last 30 days. Browse all governance changes →

Riot Platforms, Inc. filing history →

Source: SEC EDGAR

accession 0001558370-23-011660

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.