Riot Platforms Files 10-Q, Reports Financials
Ticker: RIOT · Form: 10-Q · Filed: 2024-11-04T00:00:00.000Z
Sentiment: neutral
Topics: 10-Q, financials, cryptocurrency
TL;DR
Riot Platforms 10-Q filed Nov 4th shows Q3 2024 financials. Check retained earnings & AOCI.
AI Summary
Riot Platforms, Inc. filed its 10-Q for the period ending September 30, 2024. The company, formerly known as Riot Blockchain, Inc., reported financial data for its fiscal year ending December 31. Key financial figures include retained earnings and accumulated other comprehensive income as of various dates in 2023 and 2024.
Why It Matters
This filing provides investors with an update on Riot Platforms' financial health and performance, crucial for understanding the company's current standing in the cryptocurrency and finance services sector.
Risk Assessment
Risk Level: medium — The company operates in the volatile cryptocurrency sector, which inherently carries significant market and regulatory risks.
Key Numbers
- $230.8M — Retained Earnings (As of September 30, 2024)
- $324.3M — Accumulated Other Comprehensive Income (As of September 30, 2024)
Key Players & Entities
- Riot Platforms, Inc. (company) — Filer of the 10-Q
- Riot Blockchain, Inc. (company) — Former name of Riot Platforms, Inc.
- 2024-09-30 (date) — End of reporting period
- 2024-11-04 (date) — Filing date
- 230836624 (dollar_amount) — Retained Earnings as of 2024-09-30
- 324280388 (dollar_amount) — Accumulated Other Comprehensive Income as of 2024-09-30
FAQ
What were Riot Platforms' retained earnings as of September 30, 2024?
Riot Platforms' retained earnings as of September 30, 2024, were $230,836,624.
What was the accumulated other comprehensive income for Riot Platforms on September 30, 2024?
The accumulated other comprehensive income for Riot Platforms on September 30, 2024, was $324,280,388.
When was Riot Platforms previously known as Riot Blockchain, Inc.?
Riot Platforms was formerly known as Riot Blockchain, Inc. after a name change on October 4, 2017.
What is the fiscal year end for Riot Platforms?
Riot Platforms' fiscal year ends on December 31.
On what date was this 10-Q filing submitted?
This 10-Q filing was submitted on November 4, 2024.
From the Filing
0001558370-24-014179.txt : 20241104 0001558370-24-014179.hdr.sgml : 20241104 20241104064929 ACCESSION NUMBER: 0001558370-24-014179 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 106 CONFORMED PERIOD OF REPORT: 20240930 FILED AS OF DATE: 20241104 DATE AS OF CHANGE: 20241104 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: 241420712 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-20240930x10q.htm 10-Q 0001167419 --12-31 2024 Q3 0 0 0 0 230836624 324280388 0 http://fasb.org/us-gaap/2024#UsTreasuryUstInterestRateMember http://fasb.org/us-gaap/2024#UsTreasuryUstInterestRateMember P1Y P2Y false 0001167419 riot:RockdaleFacilityBitcoinMiningFacilityTexasMember riot:MinersAndMiningEquipmentMember 2023-01-01 2023-12-31 0001167419 us-gaap:RetainedEarningsMember 2024-09-30 0001167419 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-09-30 0001167419 us-gaap:RetainedEarningsMember 2024-06-30 0001167419 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-06-30 0001167419 2024-06-30 0001167419 us-gaap:RetainedEarningsMember 2023-12-31 0001167419 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-12-31 0001167419 us-gaap:RetainedEarningsMember 2023-09-30 0001167419 us-gaap:RetainedEarningsMember 2023-06-30 0001167419 2023-06-30 0001167419 us-gaap:RetainedEarningsMember 2022-12-31 0001167419 us-gaap:CommonStockMember 2024-09-30 0001167419 us-gaap:CommonStockMember 2024-06-30 0001167419 us-gaap:CommonStockMember 2023-12-31 0001167419 us-gaap:CommonStockMember 2023-09-30 0001167419 us-gaap:CommonStockMember 2023-06-30 0001167419 us-gaap:CommonStockMember 2022-12-31 0001167419 riot:ServiceBasedRSUsMember 2024-09-30 0001167419 riot:ServiceBasedRSSMember 2024-09-30 0001167419 riot:PerformanceBasedRSUsMember 2024-09-30 0001167419 riot:PerformanceBasedRsasMember 2024-09-30 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:ServiceBasedRSUsMember 2024-01-01 2024-09-30 0001167419 riot:PerformanceBasedRSUsMember 2024-01-01 2024-09-30 0001167419 riot:ServiceBasedRSSMember 2024-01-01 2024-09-30 0001167419 riot:PerformanceBasedRsasMember 2024-01-01 2024-09-30 0001167419 srt:MinimumMember riot:ServiceBasedAwardsMember 2024-01-01 2024-09-30 0001167419 srt:MaximumMember riot:ServiceBasedAwardsMember 2024-01-01 2024-09-30 0001167419 us-gaap:CommonStockMember riot:AtMarketOfferingAugust2024Member 2024-10-31 0001167419 us-gaap:CommonStockMember riot:AtMarketOffering2023Member 2024-09-30 0001167419 riot:ExerciseOfCommonStockWarrantsMember riot:AtMarketOfferingFebruary2024Member 2024-09-30 0001167419 srt:CumulativeEffectPeriodOfAdoptionAdjustmentMember us-gaap:AccountingStandardsUpdate202308Member 2023-01-01 0001167419 us-gaap:ServiceLifeMember riot:MinersAndMiningEquipmentMember 2024-09-30 0001167419 srt:MinimumMember riot:MinersAndMiningEquipmentMember 2024-01-01 0001167419 srt:MaximumMember riot:MinersAndMiningEquipmentMember 2024-01-01 0001167419 us-gaap:OfficeEquipmentMember 2024-09-30 0001167419 us-gaap:LandBuildingsAndImprovementsMember 2024-09-30 0001167419 us-gaap:ConstructionInProgressMember 2024-09-30 0001167419 us-gaap:BuildingAndB