---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-022288"
form_type: "8-K"
ticker: "RIOT"
cik: "0001167419"
company_name: "Riot Platforms, Inc."
filed_at: "2026-03-02T23:59:59+00:00"
generated_at: "2026-05-15T22:32:33.449121+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Riot Platforms posts record FY2025 revenue of $647M, bitcoin production up 18% YoY

## Summary
- Record annual revenue of $647.4M, up 72% from $376.7M in FY2024; gross profit of $302M.
- Bitcoin mined 5,686, up from 4,828 YoY; average cost to mine (ex-depreciation) rose to $49,645 from $32,216.
- AMD data center lease commenced Jan 2026, generating revenue; validates power capacity strategy.
- Liquidity of ~$1.9B: 18,005 bitcoin (~$1.6B at $87,498/btc) plus $309.8M cash; 3,977 btc collateral.
- Engineering revenue $64.7M (up from $38.5M); $23.2M capex savings from ESS Metron acquisition.

## SEC filing metadata
- accession: 0001104659-26-022288
- form_type: 8-K
- ticker: RIOT
- cik: 0001167419
- company_name: Riot Platforms, Inc.
- filed_at: 2026-03-02T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1167419/000110465926022288/0001104659-26-022288-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1167419/000110465926022288/riot-20260302x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-022288
- JSON: https://secwatch.observer/filing/0001104659-26-022288.json
- Plain text: https://secwatch.observer/filing/0001104659-26-022288.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.