secwatch.observer — SEC 8-K summary
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Issuer:     Riot Platforms, Inc. (RIOT)
CIK:        0001167419
Form:       8-K
Filed at:   2023-06-30T23:59:59+00:00
Accession:  0001558370-23-011660
Event type: other_material
Sentiment:  positive
Materiality: 0.85
Item codes: 1.01, 5.02, 5.07, 5.03, 5.05, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1167419/000155837023011660/0001558370-23-011660-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1167419/000155837023011660/riot-20230626x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-23-011660

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