other material
confidence high
sentiment neutral
materiality 0.50
Riot Platforms eliminates Data Center Hosting segment; recasts prior financials
Riot Platforms, Inc.
- All data center hosting and colocation contracts terminated as of Jan 1, 2024.
- Reportable segments now only Bitcoin Mining and Engineering; hosting moved to 'Other'.
- Exhibits 99.1 and 99.2 recast 2023 10-K and Q1 2024 10-Q for segment change; consolidated results unchanged.
- Company states no plans to offer data center hosting services to new customers.