---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-23-009182"
form_type: "8-K"
ticker: "RIOT"
cik: "0001167419"
company_name: "Riot Platforms, Inc."
filed_at: "2023-05-10T23:59:59+00:00"
generated_at: "2026-06-15T05:53:01.516515+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001558370-23-009182
- form_type: 8-K
- ticker: RIOT
- cik: 0001167419
- company_name: Riot Platforms, Inc.
- filed_at: 2023-05-10T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1167419/000155837023009182/0001558370-23-009182-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1167419/000155837023009182/riot-20230510x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-009182
- JSON: https://secwatch.observer/filing/0001558370-23-009182.json
- Plain text: https://secwatch.observer/filing/0001558370-23-009182.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1167419/000155837023009182/0001558370-23-009182-index.htm

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