secwatch.observer — SEC 8-K summary
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Issuer:     Riot Platforms, Inc. (RIOT)
CIK:        0001167419
Form:       8-K
Filed at:   2025-02-24T23:59:59+00:00
Accession:  0001558370-25-001389
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1167419/000155837025001389/0001558370-25-001389-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1167419/000155837025001389/riot-20250224x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-25-001389

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