secwatch.observer — SEC 8-K summary
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Issuer:     Riot Platforms, Inc. (RIOT)
CIK:        0001167419
Form:       8-K
Filed at:   2024-10-30T23:59:59+00:00
Accession:  0001558370-24-013957
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Riot Q3 net loss $154M, revenue $84.8M, cuts hash rate guidance
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- Net loss of $154.4M ($0.54 EPS); revenue $84.8M, up 65% YoY from $51.9M.
- Bitcoin mining revenue $67.5M; produced 1,104 BTC, cost to mine $35,376/BTC.
- Deployed hash rate 28 EH/s, up 159% YoY; 2024 target cut to 34.9 EH/s from 36.3.
- 2025 hash rate guidance slashed to 46.7 EH/s (prev. 56.6); 2026 target 65.7 EH/s.
- Raised $730.8M via ATM in nine months; post-quarter additional $62.1M at $7.81/shr.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1167419/000155837024013957/0001558370-24-013957-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1167419/000155837024013957/riot-20241030x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-013957

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