Riot Platforms reports record FY2023 revenue of $280.7M, net loss narrows to $49.5M

Riot Platforms, Inc.

2023-FY EPS reported -$0.28 revenue$280,678,000

Total revenue $280.7M (up 8% YoY); Bitcoin mining revenue $189.0M; produced 6,626 BTC (up 19%).
Net loss $(49.5)M vs $(509.6)M in 2022; non-GAAP Adjusted EBITDA $214.0M including $184.7M Bitcoin fair-value gain.
Cost to mine net of power credits averaged $7,539/BTC (down 33% YoY); power credits earned $71.2M.
Hash rate capacity 12.4 EH/s as of Dec 31, 2023 (+28% YoY); targeting 28 EH/s by end-2024, 38 EH/s by end-2025.
Ended 2023 with $597.2M cash, 7,362 BTC (~$311M at year-end), and nominal long-term debt.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.89

Riot Platforms, Inc. reported the full year ended December 31, 2023 results: revenue $280.7 million, net income net loss of $49.5 million.

Period: the full year ended December 31, 2023
Revenue: $280.7 million
Net income: net loss of $49.5 million
Result: reported results

Exact text from the filing

Riot Reports Record Results, with $280.7 Million in Total Revenue, 6,626 Bitcoin Produced, and Record Hash Rate Capacity of 12.4 EH/s

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3 earnings releases filed in the last 30 days. Browse all earnings releases →

Riot Platforms, Inc. filing history →

Source: SEC EDGAR

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