---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-25-006115"
form_type: "8-K"
ticker: "RIOT"
cik: "0001167419"
company_name: "Riot Platforms, Inc."
filed_at: "2025-05-01T23:59:59+00:00"
generated_at: "2026-05-22T23:46:39.657341+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Riot reports record Q1 revenue of $161.4M, acquires Rhodium assets for $185M settling litigation

## Summary
- Q1 revenue $161.4M (vs $79.3M YoY); produced 1,530 BTC; cost to mine $43,808/coin.
- Acquired Rhodium's 125 MW capacity at Rockdale for $185M (cash + stock), settled all litigation.
- Held 19,223 unencumbered BTC valued at $1.6B; working capital $310.3M; cash $163.7M.
- Engineering revenue $13.9M (vs $4.7M) includes acquired E4A Solutions.
- Average global network hash rate rose 41% YoY, pressuring mining costs post halving.

## SEC filing metadata
- accession: 0001558370-25-006115
- form_type: 8-K
- ticker: RIOT
- cik: 0001167419
- company_name: Riot Platforms, Inc.
- filed_at: 2025-05-01T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1167419/000155837025006115/0001558370-25-006115-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1167419/000155837025006115/riot-20250428x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-25-006115
- JSON: https://secwatch.observer/filing/0001558370-25-006115.json
- Plain text: https://secwatch.observer/filing/0001558370-25-006115.txt

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