secwatch.observer — SEC 8-K summary
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Issuer:     Riot Platforms, Inc. (RIOT)
CIK:        0001167419
Form:       8-K
Filed at:   2026-03-02T23:59:59+00:00
Accession:  0001104659-26-022288
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1167419/000110465926022288/0001104659-26-022288-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1167419/000110465926022288/riot-20260302x8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-022288

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer