Riot Platforms reports FY2024 record revenue $376.7M, net income $109.4M, Bitcoin holdings 17,722

Riot Platforms, Inc.

2024-FY EPS reported $0.34 revenue$376,658,000

Total revenue $376.7M (up 34% YoY); net income $109.4M, record adjusted EBITDA $463.2M.
Mined 4,828 Bitcoin at avg cost $32,216/coin; held 17,722 Bitcoin valued ~$1.65B at year-end.
Raised $579M net from convertible notes to acquire 5,784 Bitcoin; Bitcoin yield 39%.
Acquired Block Mining and E4A Solutions; pursuing AI/HPC at Corsicana Facility (600 MW unutilized).
All-in power cost 3.4 c/kWh; working capital $439.1M, cash $277.9M.

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