Last10K.com

Riot Platforms, Inc. (RIOT) SEC Filing 10-K Annual Report for the fiscal year ending Sunday, December 31, 2023

SEC Filings

RIOT Valuations

Intrinsic Value
Financial Stability
Financial Ratios
Insider Trades
Manager Portfolios
Notifications

RIOT Annual Reports

  • 10-K Annual Report February 2024
    • 10-K Annual Report March 2023
    10-K Annual Report March 2022
    10-K Annual Report March 2021
    10-K Annual Report March 2020
    10-K Annual Report April 2019
    10-K Annual Report April 2018

RIOT Quarterly Reports

RIOT Corporate News

Riot Blockchain, Inc.

HISTORY TOOLS
CIK: 1167419 Ticker: RIOT

Exhibit 99.1

RIOT REPORTS FULL YEAR 2023 FINANCIAL RESULTS, CURRENT OPERATIONAL AND FINANCIAL HIGHLIGHTS

Riot Reports Record Results, with $280.7 Million in Total Revenue, 6,626 Bitcoin Produced, and Record Hash Rate Capacity of 12.4 EH/s

CASTLE ROCK, Colo., February 22, 2024, (GLOBE NEWSWIRE) --

Riot Platforms, Inc. (NASDAQ: RIOT) (“Riot” or “the Company”), an industry leader in vertically integrated Bitcoin (“BTC”) mining, reports financial results for the full year ended December 31, 2023. The audited financial statements are available on Riot’s [website] and [here].

“I am pleased to announce results for Riot for 2023, which proved to be another milestone year in Riot’s ongoing development as a leading vertically integrated Bitcoin miner,” said Jason Les, CEO of Riot. “We achieved record results in 2023, generating all-time highs of $281 million in total revenues, 6,626 Bitcoin produced, and $71 million in power credits earned from our unique power strategy.

“In addition to our record financial performance in 2023, Riot achieved significant progress across our key strategic development targets, including: (i) completion of our 700 megawatt Rockdale Facility expansion; (ii) successful scaling of our power strategy, which drove our industry-leading low cost to mine in FY 2023 to $7,539 per Bitcoin; (iii) a landmark partnership with MicroBT to lock-in a long-term, fixed-price supply of latest-generation miners, ensuring that Riot operates among the most efficient mining fleets in our industry; and (iv) ongoing development of our 1 gigawatt Corsicana Facility, which will begin energization at the end of Q1 2024 and which, when fully developed, will be the largest dedicated Bitcoin mining facility in the world.

“At the same time, Riot has also further enhanced our already industry-leading balance sheet strength, ending 2023 with approximately $597 million in cash, 7,362 Bitcoin, worth approximately $311 million based on year-end Bitcoin prices, and nominal long-term debt. As a leading vertically integrated Bitcoin miner, coupling development of our Corsicana Facility with a secured supply of leading-edge miners from MicroBT, and our strong balance sheet gives Riot the most secure, visible path in our industry to achieving our growth plans. Our targets are to reach 28 EH/s in total hash rate capacity by the end of 2024, 38 EH/s by the end of 2025, and ultimately 100 EH/s and beyond.”

Fiscal Year 2023 Financial and Operational Highlights

Key financial and operational highlights for the fiscal year ended December 31, 2023 include:

·

Total revenue of $280.7 million, as compared to $259.2 million for the same period in 2022, primarily driven by higher Bitcoin production and higher price for Bitcoin.

​

The following information was filed by Riot Blockchain, Inc. (RIOT) on Friday, February 23, 2024 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

View differences made from one year to another to evaluate Riot Blockchain, Inc.'s financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ)
Sample 10-K Year-over-Year (YoY) Comparison

Compare this 10-K Annual Report to its predecessor by reading our highlights to see what text and tables were  removed  ,   added    and   changed   by Riot Blockchain, Inc..

Continue

Assess how Riot Blockchain, Inc.'s management team is paid from their Annual Proxy

Definitive Proxy Statement (Form DEF 14A)
Screenshot example of actual Proxy Statement

Riot Blockchain, Inc.'s Definitive Proxy Statement (Form DEF 14A) filed after their 2024 10-K Annual Report includes:

  • Voting Procedures
  • Board Members
  • Executive Team
  • Salaries, Bonuses, Perks
  • Peers / Competitors

Continue

SEC Filing Tools

Rating

Learn More
Bullish Bearish Neutral
Filter Sentiment:
All
Positive
Negative
Filter Category:
All
Financial
Revenue
Legal
M & A
Other
Filter Subcategory:
All
Shares
Product
Expense
Income
Debt
Earnings
Cash Flow
Geography
Other
Inside Riot Blockchain, Inc.'s 10-K Annual Report:

Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Document And Entity Information
Consolidated Balance Sheets
Consolidated Balance Sheets (Parenthetical)
Consolidated Statement Of Stockholders' Equity (Parentheticals)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Comprehensive Income (Loss)
Consolidated Statements Of Operations
Consolidated Statements Of Stockholders Equity
Accrued Expenses
Accrued Expenses (Tables)
Accrued Expenses - Schedule Of Accrued Expenses (Details)
Acquisitions
Acquisitions (Tables)
Acquisitions - Acquisition Of Corsicana Facility Land Site (Details)
Acquisitions - Acquisition Of Ess Metron (Details)
Acquisitions - Acquisition Of Whinstone (Details)
Bitcoin
Bitcoin (Tables)
Bitcoin - Schedule Of Additional Information (Details)
Commitments And Contingencies
Commitments And Contingencies (Details)
Commitments And Contingencies (Tables)
Commitments And Contingencies - Estimated Fair Value Contingent Consideration Liability (Details)
Debt
Debt (Details)
Deposits
Deposits (Details)
Deposits (Tables)
Deposits - Schedule Of Deposits On Equipment (Details)
Earnings Per Share
Earnings Per Share (Details)
Earnings Per Share (Tables)
Fair Value Measurements
Fair Value Measurements (Tables)
Fair Value Measurements - Schedule Of Assets And Liabilities Measured At Fair Value On Recurring Basis (Details)
Goodwill And Intangible Assets
Goodwill And Intangible Assets (Details)
Goodwill And Intangible Assets (Tables)
Goodwill And Intangible Assets - Schedule Of Estimated Future Amortization Of Finite-Lived Intangible Assets (Details)
Goodwill And Intangible Assets - Schedule Of Finite-Lived Intangible Assets (Details)
Impacts Of Adoption Of Asu 2023-08
Impacts Of Adoption Of Asu 2023-08 (Details)
Impacts Of Adoption Of Asu 2023-08 (Tables)
Income Taxes
Income Taxes (Details)
Income Taxes (Details)
Income Taxes (Tables)
Income Taxes - Schedule Of Components Of Income Tax Benefit Expense (Details)
Income Taxes - Schedule Of Components Of Loss From Continuing Operations By Domestic And Foreign Jurisdictions (Details)
Income Taxes - Schedule Of Deferred Tax Assets And Liabilities (Details)
Income Taxes - Schedule Of Tax Expense (Benefit) Based On The U.S. Federal Statutory Rate (Details)
Insider Trading Arrangements
Investments
Investments (Details)
Investments (Tables)
Investments - Convertible Note (Details)
Leases
Leases (Details)
Leases (Tables)
Leases - Schedule Of Future Minimum Operating Lease Payments (Details)
Leases - Schedule Of Lease Expense (Details)
Leases - Schedule Of Other Information (Details)
Organization And Basis Of Presentation
Organization And Basis Of Presentation (Details)
Pay Vs Performance Disclosure
Power Purchase Agreement
Power Purchase Agreement (Details)
Power Purchase Agreement (Tables)
Power Purchase Agreement - Schedule Of Changes In Estimated Fair Value Of Derivative Asset (Details)
Property And Equipment
Property And Equipment (Details)
Property And Equipment (Tables)
Property And Equipment - Schedule Of Property And Equipment (Details)
Revenue From Contracts With Customers
Revenue From Contracts With Customers (Details)
Revenue From Contracts With Customers (Tables)
Revenue From Contracts With Customers - Schedule Of Changes In The Contract Liabilities And Deferred Revenue (Details)
Revenue From Contracts With Customers - Schedule Of Disaggregated Revenue (Details)
Segment Information
Segment Information (Details)
Segment Information (Tables)
Segment Information - Schedule Of Reportable Segments And Operating Income (Details)
Significant Accounting Policies And Recent Accounting Pronouncements
Significant Accounting Policies And Recent Accounting Pronouncements (Details)
Significant Accounting Policies And Recent Accounting Pronouncements (Policies)
Significant Accounting Policies And Recent Accounting Pronouncements (Tables)
Significant Accounting Policies And Recent Accounting Pronouncements - Schedule Of Estimated Useful Lives Of Property And Equipment (Details)
Stock-Based Compensation
Stock-Based Compensation (Details)
Stock-Based Compensation (Tables)
Stock-Based Compensation - Schedule Of Performance-Based Awards (Details)
Stock-Based Compensation - Schedule Of Recognized Stock-Based Compensation (Details)
Stock-Based Compensation - Schedule Of Service-Based Awards (Details)
Stock-Based Compensation - Subsequent Awards (Details)
Stockholders' Equity
Stockholders' Equity (Details)
Ticker: RIOT
CIK: 1167419
Form Type: 10-K Annual Report
Accession Number: 0001558370-24-001550
Submitted to the SEC: Thu Feb 22 2024 6:08:42 PM EST
Accepted by the SEC: Fri Feb 23 2024
Period: Sunday, December 31, 2023
Industry: In Vitro And In Vivo Diagnostic Substances

External Resources:
Stock Quote
Social Media
SEC.gov

Bookmark the Permalink:
https://last10k.com/sec-filings/riot/0001558370-24-001550.htm