---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-23-018317"
form_type: "8-K"
ticker: "RIOT"
cik: "0001167419"
company_name: "Riot Platforms, Inc."
filed_at: "2023-11-08T23:59:59+00:00"
generated_at: "2026-06-08T08:42:27.805868+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Riot Q3 revenue $51.9M, net loss $45.3M; record hash rate 10.9 EH/s

## Summary
- Total revenue $51.9M, up from $46.3M; produced 1,106 BTC in quarter.
- Average cost to mine negative ($6,141) due to $49.6M in power curtailment credits.
- Net loss $45.3M ($0.25/share) vs $32.4M loss a year ago; Adjusted EBITDA $31.6M.
- Cash $290.1M, Bitcoin holdings 7,327; combined liquidity ~$500M.
- Record self-mining hash rate 10.9 EH/s; targeting 20.2 EH/s by mid-2024 with MicroBT deal.

## SEC filing metadata
- accession: 0001558370-23-018317
- form_type: 8-K
- ticker: RIOT
- cik: 0001167419
- company_name: Riot Platforms, Inc.
- filed_at: 2023-11-08T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- 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/1167419/000155837023018317/0001558370-23-018317-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1167419/000155837023018317/riot-20231107x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-018317
- JSON: https://secwatch.observer/filing/0001558370-23-018317.json
- Plain text: https://secwatch.observer/filing/0001558370-23-018317.txt

## Key facts
- Earnings Releases
  Riot Platforms, Inc. reported the three-month period ended September 30, 2023 results: revenue $51.9 million.
  - Period: the three-month period ended September 30, 2023
  - Revenue: $51.9 million
  - Result: reported results
  source text: Total revenue for the three-month period ended September 30, 2023 was $51.9 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1167419/000155837023018317/0001558370-23-018317-index.htm

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