secwatch.observer — SEC 8-K summary
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Issuer:     Riot Platforms, Inc. (RIOT)
CIK:        0001167419
Form:       8-K
Filed at:   2025-05-01T23:59:59+00:00
Accession:  0001558370-25-006115
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 1.01, 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1167419/000155837025006115/0001558370-25-006115-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1167419/000155837025006115/riot-20250428x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-25-006115

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