secwatch.observer — SEC 8-K summary
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Issuer:     Riot Platforms, Inc. (RIOT)
CIK:        0001167419
Form:       8-K
Filed at:   2023-11-08T23:59:59+00:00
Accession:  0001558370-23-018317
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1167419/000155837023018317/0001558370-23-018317-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1167419/000155837023018317/riot-20231107x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-23-018317

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