Riot Platforms Q2 2024 10-Q Filed

TL;DR

Riot Platforms Q2 10-Q shows big asset/liability shifts. Keep an eye on their Bitcoin mining ops.

AI Summary

Riot Platforms, Inc. filed its 10-Q for the period ending June 30, 2024. The company reported significant changes in its financial position, including substantial increases in assets and liabilities compared to the previous year. Notably, Riot Platforms, Inc. has been actively managing its Bitcoin mining operations and has engaged in various financing activities.

Why It Matters

This filing provides investors with a detailed look at Riot Platforms' financial health and operational performance during the second quarter of 2024, impacting investment decisions.

Risk Assessment

Risk Level: medium — The cryptocurrency industry is inherently volatile, and Riot Platforms' financial performance is closely tied to Bitcoin prices and regulatory changes.

Key Numbers

• 264,625,308 — Total Assets (As of June 30, 2024, compared to prior periods.)
• 167,342,813 — Total Liabilities (As of June 30, 2024, compared to prior periods.)
• 249,711,377 — Total Assets (As of December 31, 2023.)
• 162,559,956 — Total Liabilities (As of December 31, 2023.)

Key Players & Entities

• Riot Platforms, Inc. (company) — Filer of the 10-Q
• 20240630 (date) — End of reporting period
• 20240731 (date) — Filing date
• 3855 Ambrosia Street, Suite 301 (address) — Company business and mailing address
• Castle Rock, CO 80109 (address) — Company business and mailing address
• Riot Blockchain, Inc. (company) — Former company name
• Bioptix, Inc. (company) — Former company name
• Venaxis, Inc. (company) — Former company name
• Rockdale Facility Bitcoin Mining Facility Texas (location) — Company mining facility
• At-Market Offering 2024 (event) — Financing activity

FAQ

From the Filing

0001558370-24-010495.txt : 20240731 0001558370-24-010495.hdr.sgml : 20240731 20240731171211 ACCESSION NUMBER: 0001558370-24-010495 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 99 CONFORMED PERIOD OF REPORT: 20240630 FILED AS OF DATE: 20240731 DATE AS OF CHANGE: 20240731 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: 241162964 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-20240630x10q.htm 10-Q 0.32 0.16 0.51 0.33 264625308 167342813 249711377 162559956 0001167419 --12-31 2024 Q2 false 0 0 0 0 283674768 230836624 P2Y P1Y 0 http://fasb.org/us-gaap/2024#UsTreasuryUstInterestRateMember http://fasb.org/us-gaap/2024#UsTreasuryUstInterestRateMember P4M 0001167419 riot:RockdaleFacilityBitcoinMiningFacilityTexasMember riot:MinersAndMiningEquipmentMember 2023-01-01 2023-12-31 0001167419 riot:SalesAgentsMember us-gaap:CommonStockMember us-gaap:SubsequentEventMember riot:AtMarketOffering2024Member 2024-07-01 2024-07-29 0001167419 us-gaap:RetainedEarningsMember 2024-06-30 0001167419 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-06-30 0001167419 us-gaap:RetainedEarningsMember 2024-03-31 0001167419 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-03-31 0001167419 2024-03-31 0001167419 us-gaap:RetainedEarningsMember 2023-12-31 0001167419 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-12-31 0001167419 us-gaap:RetainedEarningsMember 2023-06-30 0001167419 us-gaap:RetainedEarningsMember 2023-03-31 0001167419 2023-03-31 0001167419 us-gaap:RetainedEarningsMember 2022-12-31 0001167419 us-gaap:CommonStockMember 2024-06-30 0001167419 us-gaap:CommonStockMember 2024-03-31 0001167419 us-gaap:CommonStockMember 2023-12-31 0001167419 us-gaap:CommonStockMember 2023-06-30 0001167419 us-gaap:CommonStockMember 2023-03-31 0001167419 us-gaap:CommonStockMember 2022-12-31 0001167419 riot:ServiceBasedRSUsMember 2024-01-01 2024-06-30 0001167419 riot:ServiceBasedRSUsMember 2024-06-30 0001167419 riot:ServiceBasedRSSMember 2024-06-30 0001167419 riot:PerformanceBasedRSUsMember 2024-06-30 0001167419 riot:PerformanceBasedRsasMember 2024-06-30 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 2024-06-30 0001167419 riot:ServiceBasedRSSMember 2024-01-01 2024-06-30 0001167419 riot:PerformanceBasedRsasMember 2024-01-01 2024-06-30 0001167419 srt:MinimumMember riot:ServiceBasedAwardsMember 2024-01-01 2024-06-30 0001167419 srt:MaximumMember riot:ServiceBasedAwardsMember 2024-01-01 2024-06-30 0001167419 riot:ServiceBasedRSUsMember us-gaap:SubsequentEventMember 2024-07-01 2024-07-31 0001167419 riot:ServiceBasedRSSMember us-gaap:SubsequentEventMember 2024-07-01 2024-07-31 0001167419 riot:PerformancebasedRSUsMember us-gaap:SubsequentEventMember 2024-07-01 2024-07-31 0001167419 riot:PerformanceBasedRsasMember us-gaap:SubsequentEventMember 2024-07-01 2024-07-31 0001167419 srt:MinimumMember riot:PerformanceAwardsAndUnitsMember us-gaap:SubsequentEventMember 2024-07-01 2024-07-31 0001167419 srt:MaximumMember riot:PerformanceAwardsAndUnitsMember us-gaap:SubsequentEventMember 2024-07-01 2024-07-31 0001167419 riot:Ser