---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-24-010479"
form_type: "8-K"
ticker: "RIOT"
cik: "0001167419"
company_name: "Riot Platforms, Inc."
filed_at: "2024-07-31T23:59:59+00:00"
generated_at: "2026-05-31T14:16:35.143188+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Riot posts Q2 net loss of $84.4M; revenue down 9% YoY; raises 2024 hash rate guidance to 36 EH/s

## Summary
- Total revenue $70.0M (-9% YoY); Bitcoin mining revenue $55.8M (+12% YoY); engineering revenue $9.6M (-50% YoY).
- Net loss $(84.4)M ($0.32 loss per share) vs $(27.4)M loss in Q2 2023; non-GAAP Adj. EBITDA $(75.2)M vs $24.3M.
- Produced 844 Bitcoin (-52% YoY due to halving); avg. direct cost to mine $25,327 vs $5,734; power credits $13.9M.
- Deployed hash rate 22.0 EH/s at quarter-end; raised 2024 target to 36 EH/s (from 31 EH/s) after Block Mining acquisition.
- Acquired Block Mining (60 MW, potential >300 MW) in July; sold $577M in ATM stock in 2024 through July 29.

## SEC filing metadata
- accession: 0001558370-24-010479
- form_type: 8-K
- ticker: RIOT
- cik: 0001167419
- company_name: Riot Platforms, Inc.
- filed_at: 2024-07-31T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1167419/000155837024010479/0001558370-24-010479-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1167419/000155837024010479/riot-20240731x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-24-010479
- JSON: https://secwatch.observer/filing/0001558370-24-010479.json
- Plain text: https://secwatch.observer/filing/0001558370-24-010479.txt

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