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Riot Blockchain Delays 10-Q on Goodwill Impairment Assessment

Aug. 9, 2022, 9:30 PM

Riot Blockchain says it needs more time to complete its goodwill impairment assessment, and expects to file its quarterly report with the SEC within the five-day extension period.

  • Riot Blockchain “is required to perform goodwill impairment assessments at least annually, and more frequently if indicators of impairment exist,” the company said in the filing
    • “In response to recent adverse changes in business climate, including decreases in the price of Bitcoin and increased volatility of equity markets, as evidenced by declines in the market price of the Registrant’s securities, those of its peers, and major market indices, the Registrant has determined ...