secwatch.observer — SEC 8-K summary
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Issuer:     Riot Platforms, Inc. (RIOT)
CIK:        0001167419
Form:       8-K
Filed at:   2023-05-10T23:59:59+00:00
Accession:  0001558370-23-009182
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1167419/000155837023009182/0001558370-23-009182-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1167419/000155837023009182/riot-20230510x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-23-009182

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