Riot Platforms Settles $350M Lawsuit with SBI Crypto for $20M
ByAinvest
Tuesday, Mar 3, 2026 1:09 pm ET1min read
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Riot Platforms settled a three-year legal dispute with SBI Crypto for $20 million. The dispute originated from a 2021 colocation agreement at Riot's Whinstone facility in Texas, with SBI Crypto alleging breach of contract, fraud, and negligent bailment. A February 2026 court ruling removed Bitcoin's appreciated price from SBI's damages model, significantly reducing the potential recovery. The settlement represents approximately 3% of Riot's 2025 annual revenue.
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