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Revision as of 04:28, 17 April 2019
He also expressed that he was not worried about the SEC. Given the company's self described approach of over disclosure, and in iphone x cases light of all of the scrutiny above, one might think that Riot's executives would see fit to continue to exercise heightened caution with its disclosures.It may be surprising then that on Friday February 16th at 4:54pm the very day the CNBC investigative piece clobbered the stock by over 33% a new Riot 8 K detailed yet another dubious acquisition of crypto mining equipment that seemingly failed to disclose a related party transaction.The 8 K included a detailed agreement relating to a press release issued the day before, Thursday February 15th. The press release had announced that Riot "entered into a definitive agreement to acquire additional cryptocurrency mining equipment consisting of 3,800 Antminer S9 Bitcoin miners manufactured by Bitmain."A quick browse over to the Bitmain website shows that you can purchase Antminer S9's for $2,320 each.
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