Extracted from this filing and checked against the source text.
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.85
Riot Platforms, Inc. entered into Amendment to Master Purchase and Sale Agreement - Extended Annual Purchase Options with MicroBT valued at options to purchase up to 66,560 Miners per year through December 31, 2027 (effective 2023-12-01).
- Action
- entry
- Agreement
- asset purchase
- Counterparty
- MicroBT
- Value
- options to purchase up to 66,560 Miners per year through December 31, 2027
- Effective
- 2023-12-01
Exact text from the filing
In connection with P.O. 02, MicroBT extended additional annual Miner purchase options to Riot, providing Riot with the option to purchase up to 66,560 Miners per year from MicroBT, for a total of 265,000 additional Miners, under the Master Agreement, on terms at least on par with P.O. 02.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
Riot Platforms, Inc. entered into Purchase Order 02 under the Master Purchase and Sale Agreement with MicroBT valued at $290.5 million (effective 2023-12-01).
- Action
- entry
- Agreement
- asset purchase
- Counterparty
- MicroBT
- Value
- $290.5 million
- Effective
- 2023-12-01
Exact text from the filing
On December 4, 2023, Riot Platforms, Inc. (together with its consolidated subsidiaries, “ Riot ”) exercised its option under the master purchase and sale agreement, dated effective as of June 23, 2023, (the “ Master Agreement ”) with MicroBT (through its manufacturing subsidiary), a leading manufacturer of Bitcoin miners, (“ MicroBT ”) to purchase 66,560 Bitcoin mining servers (“ Miners ”) on terms at least on par with the terms of the original purchase order executed under the Master Agreement, as of June 23, 2023, covering Riot’s acquisition of 33,280 Miners from MicroBT (“ P.O. 01 ”). Accordingly, Riot and MicroBT entered into a second purchase order, dated effective as of December 1, 2023, under the Master Agreement (“ P.O. 02 ” and, together with P.O. 01, the “ Purchase Orders ”) covering Riot’s acquisition of the 66,560 Miners subject to Riot’s option.
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