Riot Platforms, Inc.
21.55-1.45 (-6.28%)
Oct 28, 4:00:01 PM EDT · NasdaqCM · RIOT · USD
Key Stats
Market Cap
7.97BP/E (TTM)
-Basic EPS (TTM)
-0.40Dividend Yield
0%Recent Filings
8-K
Riot's Q2 profit surges
Riot Platforms reported Q2 2025 results on July 31, boasting $153.0 million in revenue, up from $70.0 million last year, fueled by $140.9 million from Bitcoin mining after producing 1,426 BTC amid higher prices. Net income hit $219.5 million with $495.3 million adjusted EBITDA, yet mining costs climbed to $48,992 per BTC due to the halving and network hash rate surge. The company eyes data center expansion, hiring a chief officer and acquiring 238 acres at Corsicana. Risks include volatile Bitcoin prices and integration hurdles.
10-Q
Q2 FY2025 results
Riot Platforms posted Q2 revenue of $153M, up 118% y/y, fueled by Bitcoin mining's $141M haul amid higher prices and a 62% hash rate jump to 35.4 EH/s, while engineering added $11M. Yet operating income swung to $216M from a $117M loss, thanks to a $471M bitcoin fair value gain offsetting $158M Rhodium settlement hit; YTD, though, it's a $18M operating loss versus $87M profit, with net loss of $77M versus $127M gain, the delta mainly from $57M equity investment losses and $158M contract loss. Cash dipped to $255M with $353M operating outflow, but $372M financing inflows—mostly ATM equity—bolstered liquidity; debt sits at $839M including $200M bitcoin-backed facility, revolver availability slim at $1M. The April Rhodium deal closed for $185M (cash/stock mix), nixing legacy hosting but adding miners without goodwill. Bitcoin volatility remains a key risk, per Risk Factors.
8-K
Riot's annual meeting outcomes
Riot Platforms' stockholders convened on June 10, 2025, electing Jaime Leverton and Douglas Mouton as Class I directors through 2028, while ratifying Deloitte & Touche as auditors for 2025. Yet executive pay drew sharp rebuke, with 88.5 million against versus 40.8 million for. The board will now face annual say-on-pay votes, following a strong 103.8 million yes on frequency. Declassification passed handily at 103.8 million for, easing director entrenchment.
8-K
Riot doubles credit facility
Riot Platforms boosted its credit line with Coinbase Credit to $200 million on May 19, 2025, doubling the original $100 million facility while extending the availability period to three months and allowing four borrowings. The loan matures in 364 days from April 22, 2025, with an optional one-year extension, secured by bitcoin, USDC, and cash holdings. Riot paid a $1 million upsize fee, gaining flexible funding amid crypto volatility. Collateral value ties to bitcoin prices.
8-K
Riot acquires Rhodium assets
Riot Platforms' subsidiary Whinstone acquired Rhodium's tangible assets and 125 MW power capacity at the Rockdale Facility for $185 million—$129.9 million cash, $6.1 million security deposit return, and 6,989,800 Riot shares valued at $49 million—while terminating unprofitable hosting agreements and settling all disputes via mutual releases. This deal ends legacy losses exceeding $14.6 million in 2024 and frees capacity for Riot's self-mining, boosting operational efficiency amid bankruptcy proceedings. Litigation dismissed with prejudice. Deal closed swiftly.
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