secwatch.observer — SEC 8-K summary
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Issuer:     Riot Platforms, Inc. (RIOT)
CIK:        0001167419
Form:       8-K
Filed at:   2024-05-01T23:59:59+00:00
Accession:  0001558370-24-006323
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1167419/000155837024006323/0001558370-24-006323-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1167419/000155837024006323/riot-20240501x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-006323

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