---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-24-006323"
form_type: "8-K"
ticker: "RIOT"
cik: "0001167419"
company_name: "Riot Platforms, Inc."
filed_at: "2024-05-01T23:59:59+00:00"
generated_at: "2026-06-03T02:10:41.108058+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Riot Q1 net income $211.8M ($0.82 EPS), revenue $79.3M; Corsicana facility energized

## Summary
- Net income $211.8M ($0.82 EPS) vs $18.5M ($0.11) YoY; adjusted EBITDA record $245.7M.
- Revenue $79.3M (+8% YoY); Bitcoin Mining $74.6M, Engineering $4.7M.
- Produced 1,364 Bitcoin (-36% YoY); average cost to mine $23,034 (+144% YoY).
- Cash $688.5M, 8,490 unencumbered Bitcoin; ATM raised $345.7M in Q1, additional $154.1M post-quarter.
- Corsicana Facility energized; targeting 31 EH/s by end-2024, 41 EH/s by 2025.

## SEC filing metadata
- accession: 0001558370-24-006323
- form_type: 8-K
- ticker: RIOT
- cik: 0001167419
- company_name: Riot Platforms, Inc.
- filed_at: 2024-05-01T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1167419/000155837024006323/0001558370-24-006323-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1167419/000155837024006323/riot-20240501x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-24-006323
- JSON: https://secwatch.observer/filing/0001558370-24-006323.json
- Plain text: https://secwatch.observer/filing/0001558370-24-006323.txt

## Key facts
- Earnings Releases
  Riot Platforms, Inc. reported financial results for three months ended March 31, 2024.
  - Period: three months ended March 31, 2024
  - Result: reported results
  source text: and an update on Riot’s business and quarterly financial results and results of operation for the three months ended March 31, 2024
  evidence_url: https://www.sec.gov/Archives/edgar/data/1167419/000155837024006323/0001558370-24-006323-index.htm

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