---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-25-009894"
form_type: "8-K"
ticker: "RIOT"
cik: "0001167419"
company_name: "Riot Platforms, Inc."
filed_at: "2025-07-31T23:59:59+00:00"
generated_at: "2026-05-17T22:10:15.773900+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Riot Platforms Q2 2025 net income $219.5M, adjusted EBITDA $495.3M, revenue up 119% YoY

## Summary
- Revenue $153.0M vs $70.0M in Q2 2024; Bitcoin mining revenue $140.9M (up $85.1M).
- Produced 1,426 bitcoin vs 844 YoY; average cost to mine $48,992 (up from $25,329).
- Held 19,273 bitcoin worth ~$2.1B at June 30, 2025 BTC price of $107,174.
- Working capital $141.1M including $255.4M unrestricted cash and $62.5M marketable securities.
- Engineering revenue $10.6M; $18.5M cumulative capex savings from ESS Metron acquisition.

## SEC filing metadata
- accession: 0001558370-25-009894
- form_type: 8-K
- ticker: RIOT
- cik: 0001167419
- company_name: Riot Platforms, Inc.
- filed_at: 2025-07-31T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1167419/000155837025009894/0001558370-25-009894-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1167419/000155837025009894/riot-20250731x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-25-009894
- JSON: https://secwatch.observer/filing/0001558370-25-009894.json
- Plain text: https://secwatch.observer/filing/0001558370-25-009894.txt

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