Riot Platforms Ord Shs SEC Filings

Riot Platforms reported full-year 2025 results showing a major strategic shift toward large-scale data centers alongside its bitcoin mining operations. The company generated record annual revenue of $647.4 million and mined 5,686 bitcoin, supported by a vertically integrated mining and infrastructure platform.

Management highlighted a new data center lease with AMD, with the first phase operational and generating revenue as of January 2026, and cited over $1.9 billion in liquidity to support aggressive infrastructure expansion in Corsicana and Rockdale. Despite strong top-line growth, Riot posted a net loss of $663,181 for 2025 versus net income of $109,401 in 2024, and Adjusted EBITDA fell to $12,956 from $463,189, reflecting higher depreciation, settlements, and other adjustments.

Riot reported a 2025 cost to mine one bitcoin of $49,645 excluding miner depreciation, or $91,427 including depreciation, versus production value per bitcoin of $101,350. The company continues to emphasize Adjusted EBITDA and cost-to-mine metrics as key non-GAAP performance indicators for its evolving infrastructure-heavy business model.

FMR LLC filed an amended Schedule 13G reporting beneficial ownership of 15,723,492.40 shares of Riot Platforms, Inc. common stock, representing 4.2% of the class as of 12/31/2025. Abigail P. Johnson is also reported as beneficial owner of the same shares through dispositive power.

The filing confirms these securities are held in the ordinary course of business and not for the purpose of changing or influencing control of Riot Platforms. The position reflects ownership of 5% or less of the company’s outstanding common stock.

Riot Platforms, Inc. is identified as the issuer of common stock, with Jane Street Group, LLC and several affiliates reporting their holdings on an amended Schedule 13G as of 12/31/2025.

Jane Street Group, LLC reports beneficial ownership of 11,871,284 shares of Riot common stock, representing 3.2% of the class, with shared voting and dispositive power over all of these shares and no sole power. Subsidiaries Jane Street Capital, LLC, Jane Street Options, LLC, Jane Street Global Trading, LLC and Jane Street Singapore Pte. Ltd each report portions of this amount, all individually below 2% of the class. The reporting persons certify that the securities were not acquired and are not held for the purpose of changing or influencing control of Riot Platforms.

Riot Platforms, Inc. reported that on January 16, 2026 it purchased the 200 acres of land underlying its existing Rockdale, Texas facility and entered into a new long-term lease there with Advanced Micro Devices, Inc. (AMD). The 10-year agreement with AMD covers 25 megawatts of critical IT load capacity at the Rockdale site, indicating that a portion of the facility’s power and infrastructure will be committed to AMD’s operations. Riot also published a press release and a separate business update describing these transactions, which are included as exhibits to this report.

Riot Platforms, Inc. is implementing a planned finance leadership transition and broad changes to executive compensation and long-term incentives. Effective March 1, 2026, current CFO Colin Yee will step down and become Senior Advisor through at least January 1, 2028, receiving a $500,000 annual base fee for 12 months after the transition, then $20,000 per month, plus $2,000,000 in service-based restricted stock units vesting in two tranches through January 1, 2028. Executive Vice President and Head of Corporate Development & Strategy Jason Chung will become CFO on the same date.

The Compensation Committee also revamped the Long-Term Incentive Program so that service awards vest over three years and performance awards now include a total shareholder return cap if absolute TSR is negative and use a 60-trading day average price over a three-year period versus the Russell 3000 Index. Executive employment agreements were amended, raising base salaries for key officers, including increases for the CEO and Executive Chairman from $600,000 to $900,000 and removing the Bitcoin component of their pay, and adjusting Annual Incentive Plan metrics to emphasize data center revenue, NOI, and data center strategy execution.

Riot Platforms (RIOT) reported a strong Q3 2025 turnaround. Total revenue rose to $180.2 million from $84.8 million a year ago, and net income reached $104.5 million versus a prior-year loss. Bitcoin Mining drove results with $160.8 million in revenue. Operating income was $80.1 million, helped by a $133.1 million fair value gain on bitcoin and $30.6 million of power curtailment credits, partly offset by $82.9 million of depreciation and an impairment charge of $15.3 million tied to a shift in Corsicana toward data center use.

Cash and cash equivalents were $330.7 million, with total assets of $4.48 billion and stockholders’ equity of $3.50 billion. The company held 19,287 bitcoin valued at $2.20 billion, including 3,300 restricted. Shares outstanding were 371,807,186 as of October 29, 2025.

Year-to-date, operating cash flow was an outflow of $467.4 million, while financing provided $443.8 million, including a $200.0 million credit facility and $199.6 million from at-the-market share sales. Notably, on April 28, 2025, Riot settled and terminated legacy Rhodium hosting agreements and acquired assets and 125 MW capacity for $185.0 million, recognizing a $158.1 million loss on contract settlement.

Riot Platforms, Inc. furnished an update on its business and financial results for the three months ended September 30, 2025. The company posted a press release and a Q3 2025 earnings deck on its Investor Relations website and attached them to this report as Exhibits 99.1 and 99.2. The information under Item 2.02 is furnished, not filed, and is not incorporated by reference into other filings except as expressly referenced.

Riot Platforms, Inc. reported an amended Form 4 showing an officer disposition of common stock. On 07/01/2025 the reporting person sold 20,345 shares at a per‑share price of $11.27, reducing their direct holdings to 802,785 shares.

The amendment filed on 07/03/2025 adds a Power of Attorney (Exhibit 24) and explains the sold shares were withheld by the issuer to cover tax withholding upon vesting of restricted shares. The form is signed by an attorney‑in‑fact on 10/10/2025.

Colin M. Yee, Executive Vice President and Chief Financial Officer of Riot Platforms, Inc. (RIOT), reported an amended Form 4 showing the settlement of 83,752 restricted stock units into common stock on 07/01/2025. The RSUs converted one-for-one at a $0 price upon settlement, increasing the reporting person’s beneficial ownership to 1,957,513 shares. The amendment notes the filing was updated to include a Power of Attorney and clarifies the original grant schedule: the RSUs were granted on 07/01/2024 and were eligible to vest in three approximately equal annual tranches on 07/01/2025, 07/01/2026, and 07/01/2027, subject to continued service. The Form 4/A lists the earliest transaction date as 07/01/2025 and bears an attorney-in-fact signature dated 10/10/2025.