---
schema_version: "secwatch.filing_event.v1"
accession: "0001167419-23-000021"
form_type: "8-K"
ticker: "RIOT"
cik: "0001167419"
company_name: "Riot Platforms, Inc."
filed_at: "2023-08-09T23:59:59+00:00"
generated_at: "2026-06-11T21:28:45.897866+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Riot Q2 revenue $76.7M, net loss narrows to $27.7M; new $750M ATM facility and 7.6 EH/s miner purchase

## Summary
- Total revenue $76.7M (+5% YoY); Bitcoin production 1,775 (+27% YoY); net loss $(27.7)M vs $(353.6)M prior year.
- Average cost to mine Bitcoin $8,389 vs $11,316 YoY; mining revenue $49.7M; power curtailment credits $13.5M.
- Record self-mining hash rate 10.7 EH/s; expects 12.5 EH/s in Q4 2023 and 20.1 EH/s by mid-2024 with MicroBT miners.
- New $750M at-the-market equity facility with multiple agents; prior $500M ATM fully utilized ($184.7M net in H1 2023).
- Signed long-term purchase with MicroBT for 33,280 miners (7.6 EH/s); option for another 66,560 miners (15.3 EH/s).

## SEC filing metadata
- accession: 0001167419-23-000021
- form_type: 8-K
- ticker: RIOT
- cik: 0001167419
- company_name: Riot Platforms, Inc.
- filed_at: 2023-08-09T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1167419/000116741923000021/0001167419-23-000021-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1167419/000116741923000021/riot-20230809x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001167419-23-000021
- JSON: https://secwatch.observer/filing/0001167419-23-000021.json
- Plain text: https://secwatch.observer/filing/0001167419-23-000021.txt

## Key facts
- Earnings Releases
  Riot Platforms, Inc. reported the three-month period ended June 30, 2023 results: revenue $76.7 million.
  - Period: the three-month period ended June 30, 2023
  - Revenue: $76.7 million
  - Result: reported results
  source text: as Exhibit 99.1 hereto. ​ --- EX-99.1 (EX-99.1) --- RIOT Platforms REPORTS SECOND QUARTER 2023 FINANCIAL RESULTS, CURRENT OPERATIONAL AND FINANCIAL HIGHLIGHTS ​ Riot Reports $76.7 Million in Total Revenue, New All-Time Record Hash Rate Capacity of 10.7 EH/s, and Expanded Execution of Power Strategy ​ CASTLE ROCK, Colo., August 9, 2023 (GLOBE NEWSWIRE) -- Riot
  evidence_url: https://www.sec.gov/Archives/edgar/data/1167419/000116741923000021/0001167419-23-000021-index.htm
- Material Agreements
  Riot Platforms, Inc. entered into Controlled Equity Offering SM Sales Agreement with Cantor Fitzgerald & Co., B. Riley Securities, Inc., BTIG, LLC, Roth Capital Partners, LLC, Compass Point Research & Trading, LLC, Northland Securities, Inc., Moelis & Company LLC, and Stifel Nicolaus Canada Inc. valued at up to $750,000,000 in common stock (effective 2023-08-09).
  - Action: entry
  - Agreement: atm program
  - Counterparty: Cantor Fitzgerald & Co., B. Riley Securities, Inc., BTIG, LLC, Roth Capital Partners, LLC, Compass Point Research & Trading, LLC, Northland Securities, Inc., Moelis & Company LLC, and Stifel Nicolaus Canada Inc.
  - Value: up to $750,000,000 in common stock
  - Effective: 2023-08-09
  source text: Riot Platforms, Inc. (“ Riot ”, the “ Company ”, “ we ”, “ us ”, “ our ”, etc.) entered into a Controlled Equity Offering SM Sales Agreement, dated as of August 9, 2023 (the “ Sales Agreement ”), with Cantor Fitzgerald & Co., B. Riley Securities, Inc., BTIG, LLC, Roth Capital Partners, LLC, Compass Point Research & Trading, LLC, Northland Securities, Inc., Moelis & Company LLC, and Stifel Nicolaus Canada Inc.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1167419/000116741923000021/0001167419-23-000021-index.htm

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