Riot Q1 2023: revenue $73.2M, net loss $0.33/share, hash rate 10.5 EH/s, Bitcoin production record 2,115

Riot Platforms, Inc.

2023-Q1 EPS reported -$0.33 revenue$73,236,000

Total revenue of $73.2M vs $79.8M YoY; net loss $(55.7)M vs net income $36.6M in prior year.
Produced 2,115 Bitcoin (record); average cost to mine $10,354 per Bitcoin, down from $13,590.
Hash rate capacity reached 10.5 EH/s; target of 12.5 EH/s delayed to H2 2023 after storm damage to Building G.
Power curtailment credits $3.1M; ATM offering raised $95.7M net after quarter end at $12.41/sh.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Riot Platforms, Inc. reported three-month period ended March 31, 2023 results: revenue $73.2 million.

Period: three-month period ended March 31, 2023
Revenue: $73.2 million
Result: reported results

Exact text from the filing

Total revenue of $73.2 million for the three-month period ended March 31, 2023, as compared to $79.8 million for the same three-month period in 2022.

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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

accession 0001558370-23-009182

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