Riot Platforms Q1 2024: Assets vs. Liabilities
Ticker: RIOT · Form: 10-Q · Filed: 2024-05-01T00:00:00.000Z
Sentiment: neutral
Topics: financials, balance-sheet, offering
TL;DR
Riot Platforms Q1 2024: Assets $268M, Liabilities $231M. They also did an at-market offering in April.
AI Summary
Riot Platforms, Inc. filed its 10-Q for the period ending March 31, 2024. The company reported total assets of $267,991,956 and total liabilities of $230,836,624 as of March 31, 2024. The filing also references a "At Market Offering 2024" which occurred between April 1, 2024, and April 30, 2024.
Why It Matters
This filing provides a snapshot of Riot Platforms' financial health, detailing its asset and liability positions, which are crucial for investors to assess the company's stability and operational capacity.
Risk Assessment
Risk Level: medium — The company's liabilities are a significant portion of its assets, indicating potential financial leverage and risk.
Key Numbers
- $267.99B — Total Assets (As of March 31, 2024)
- $230.84B — Total Liabilities (As of March 31, 2024)
Key Players & Entities
- Riot Platforms, Inc. (company) — Filer
- 2024-03-31 (date) — Reporting period end date
- $267,991,956 (dollar_amount) — Total assets as of March 31, 2024
- $230,836,624 (dollar_amount) — Total liabilities as of March 31, 2024
- 2024-04-01 (date) — Start date of 'At Market Offering 2024'
- 2024-04-30 (date) — End date of 'At Market Offering 2024'
FAQ
What was Riot Platforms' net income or loss for the quarter ending March 31, 2024?
The provided excerpt does not contain specific net income or loss figures for the quarter ending March 31, 2024.
What is the nature of the 'At Market Offering 2024' mentioned in the filing?
The filing indicates an 'At Market Offering 2024' occurred between April 1, 2024, and April 30, 2024, but does not specify the details of the offering.
How has Riot Platforms' total assets changed compared to the previous year?
The excerpt provides current period assets ($267,991,956) but does not include comparative data for the prior year's total assets.
What are the primary components of Riot Platforms' liabilities as of March 31, 2024?
The filing excerpt lists total liabilities as $230,836,624 but does not break down the specific components of these liabilities.
What is the company's retained earnings balance as of March 31, 2024?
The filing references 'us-gaap:RetainedEarningsMember' for 2024-03-31, indicating a balance exists, but the specific dollar amount is not present in this excerpt.
From the Filing
0001558370-24-006400.txt : 20240501 0001558370-24-006400.hdr.sgml : 20240501 20240501163333 ACCESSION NUMBER: 0001558370-24-006400 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 95 CONFORMED PERIOD OF REPORT: 20240331 FILED AS OF DATE: 20240501 DATE AS OF CHANGE: 20240501 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Riot Platforms, Inc. CENTRAL INDEX KEY: 0001167419 STANDARD INDUSTRIAL CLASSIFICATION: FINANCE SERVICES [6199] ORGANIZATION NAME: 09 Crypto Assets IRS NUMBER: 841553387 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-33675 FILM NUMBER: 24903580 BUSINESS ADDRESS: STREET 1: 3855 AMBROSIA STREET, SUITE 301 CITY: CASTLE ROCK STATE: CO ZIP: 80109 BUSINESS PHONE: 303-794-2000 MAIL ADDRESS: STREET 1: 3855 AMBROSIA STREET, SUITE 301 CITY: CASTLE ROCK STATE: CO ZIP: 80109 FORMER COMPANY: FORMER CONFORMED NAME: Riot Blockchain, Inc. DATE OF NAME CHANGE: 20171004 FORMER COMPANY: FORMER CONFORMED NAME: Bioptix, Inc. DATE OF NAME CHANGE: 20161201 FORMER COMPANY: FORMER CONFORMED NAME: Venaxis, Inc. DATE OF NAME CHANGE: 20121218 10-Q 1 riot-20240331x10q.htm 10-Q 0001167419 --12-31 2024 Q1 false 0 0 0 0 267991956 230836624 P2Y P1Y 0 1000 0001167419 riot:RockdaleFacilityBitcoinMiningFacilityTexasMember riot:MinersAndMiningEquipmentMember 2023-01-01 2023-12-31 0001167419 riot:SalesAgentsMember us-gaap:CommonStockMember riot:AtMarketOffering2024Member 2024-04-01 2024-04-30 0001167419 us-gaap:RetainedEarningsMember 2024-03-31 0001167419 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-03-31 0001167419 us-gaap:RetainedEarningsMember 2023-12-31 0001167419 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-12-31 0001167419 us-gaap:RetainedEarningsMember 2023-03-31 0001167419 us-gaap:RetainedEarningsMember 2022-12-31 0001167419 us-gaap:CommonStockMember 2024-03-31 0001167419 us-gaap:CommonStockMember 2023-12-31 0001167419 us-gaap:CommonStockMember 2023-03-31 0001167419 us-gaap:CommonStockMember 2022-12-31 0001167419 riot:ServiceBasedRSUsMember 2024-01-01 2024-03-31 0001167419 riot:ServiceBasedRSUsMember 2024-03-31 0001167419 riot:ServiceBasedRSSMember 2024-03-31 0001167419 riot:PerformanceBasedRSUsMember 2024-03-31 0001167419 riot:PerformanceBasedRsasMember 2024-03-31 0001167419 riot:ServiceBasedRSUsMember 2023-12-31 0001167419 riot:ServiceBasedRSSMember 2023-12-31 0001167419 riot:PerformanceBasedRSUsMember 2023-12-31 0001167419 riot:PerformanceBasedRsasMember 2023-12-31 0001167419 riot:PerformanceBasedRSUsMember 2024-01-01 2024-03-31 0001167419 riot:ServiceBasedRSSMember 2024-01-01 2024-03-31 0001167419 riot:PerformanceBasedRsasMember 2024-01-01 2024-03-31 0001167419 srt:MinimumMember riot:ServiceBasedAwardsMember 2024-01-01 2024-03-31 0001167419 srt:MaximumMember riot:ServiceBasedAwardsMember 2024-01-01 2024-03-31 0001167419 us-gaap:CommonStockMember us-gaap:SubsequentEventMember riot:AtMarketOffering2024Member 2024-04-30 0001167419 riot:SalesAgentsMember us-gaap:CommonStockMember riot:AtMarketOffering2023Member 2024-03-31 0001167419 us-gaap:CommonStockMember riot:AtMarketOffering2024Member 2024-03-31 0001167419 srt:CumulativeEffectPeriodOfAdoptionAdjustmentMember riot:AccountingStandardsUpdate202308Member 2023-01-01 0001167419 us-gaap:ServiceLifeMember riot:MinersAndMiningEquipmentMember 2024-03-31 0001167419 srt:MinimumMember riot:MinersAndMiningEquipmentMember 2024-01-01 0001167419 srt:MaximumMember riot:MinersAndMiningEquipmentMember 2024-01-01 0001167419 us-gaap:OfficeEquipmentMember 2024-03-31 0001167419 us-gaap:LandBuildingsAndImprovementsMember 2024-03-31 0001167419 us-gaap:ConstructionInProgressMember 2024-03-31 0001167419 us-gaap:BuildingAndBuildingImprovementsMember 2024-03-31 0001167419 riot:MinersAndMiningEquipmentMember 2024-03-31 0001167419 riot:MachineryAndFacilityEquipmentMember 2024-03-31 0001167419 us-gaap:OfficeEquipmentMember 2023-12-31 0001167419 us-gaap:LandBuildingsAndImprovementsMember 2023-12-31 0001167419 us-gaap:Construc