Riot Platforms, Inc. (RIOT) SEC Filings

Riot Platforms, Inc., through its wholly owned subsidiary Riot DC Logistics, LLC, entered into a new senior secured delayed-draw term loan facility with a syndicate of lenders led by Morgan Stanley Senior Funding, Inc. as administrative agent. The Facility provides up to $573.0 million of term loan commitments, available for borrowing during a defined Availability Period commencing August 10, 2026.

Proceeds are intended to fund long-lead and related project equipment and other expenses for the company’s 191 critical IT MW data center project at its Rockdale Facility. Borrowings bear interest, at the borrower’s election, at Adjusted Term SOFR plus 2.75% per annum or the Base Rate plus 1.75% per annum. The loans mature on December 31, 2026. Obligations are guaranteed by the borrower’s subsidiaries and an affiliate and are secured by a lien on substantially all of their assets, with no recourse to Riot Platforms or other parents outside specified customary exceptions.

Riot Platforms, Inc. reported higher revenue but significantly weaker profitability for the quarter and six months ended June 30, 2026, while accelerating its transition toward large-scale data center leasing.

Total revenue for the quarter was $174.2 million, up from $153.0 million a year earlier, driven by new Data Center revenue of $23.2 million and Engineering growth, partly offset by lower Bitcoin Mining revenue. For the first half of 2026, revenue was $341.5 million.

Despite this, the company recorded a quarterly net loss of $237.2 million versus net income of $219.5 million in 2025, and a six‑month net loss of $737.6 million versus a $76.9 million loss a year earlier, largely due to a $401.3 million negative change in the fair value of bitcoin, higher depreciation, and a $28.0 million impairment on equipment reoriented from bitcoin mining to data center use.

Riot sold 9,665 bitcoin for proceeds of $732.5 million, reducing holdings to 11,380 bitcoin (carrying amount $666.0 million). Cash, cash equivalents, and restricted cash increased to $548.9 million. The company entered a long-term AMD data center lease and, subsequent to quarter-end, a 20‑year 191 MW AI data center lease expected to generate about $9.1 billion in base rent, supported by a non‑recourse $573.0 million project credit facility.

Riot Platforms, Inc. reported second quarter 2026 results and a major expansion of its AI data center business. Quarterly revenue was $174.2 million, up 14% year-over-year, including $23.2 million from Data Center revenue. For the three months ended June 30, 2026, the company reported net income (loss) of $(237,170) and Adjusted EBITDA of $(69,729), compared with positive figures in the prior year period.

Subsequent to quarter end, Riot executed a 20-year Data Center Lease and Services Agreement with a leading frontier AI lab for 191 MW of critical IT capacity at its Rockdale campus. The initial term is expected to generate approximately $9.1 billion in total contract revenue, with two five-year extension options that would bring total potential contract value to about $16.1 billion if exercised. Together with its AMD lease, Riot has now contracted 241 MW of capacity, representing approximately $9.8 billion of long-term contracted revenue.

Riot Platforms, Inc. reported that SVP and CAO Ryan D. Werner sold 47,733 shares of common stock on August 5, 2026 in three open-market transactions at weighted average prices of $21.98, $22.82, and $23.53 per share, each within disclosed price ranges, pursuant to a Rule 10b5-1 trading plan adopted on December 2, 2025.

FMR LLC filed an amended beneficial ownership report on RIOT PLATFORMS INC, stating that it beneficially owns 29,645,078.97 shares of common stock, representing 7.6% of the class. These shares are reported with sole dispositive power and no shared voting or dispositive power.

The filing lists FMR LLC, organized in Delaware, as having 29,079,677.98 shares with sole voting power, while Abigail P. Johnson is reported as having sole dispositive power over 29,645,078.97 shares and no voting power. One or more other persons may receive dividends or sale proceeds from these shares, but no such person holds more than five percent of the outstanding common stock.

Riot Platforms, Inc. senior vice president and chief accounting officer Ryan D. Werner had 148,500 shares of common stock withheld on July 31, 2026 to satisfy tax withholding obligations tied to vesting of performance-based restricted stock. After this tax-withholding disposition, he directly holds 747,226 shares of common stock.

Riot Platforms, Inc. COO Howell Stephen Mitchell Jr. reported a Form 4 transaction in which 153,162 shares of Common Stock were withheld by the company on 2026-07-31 at $20.17 per share to satisfy tax withholding obligations tied to vesting of performance-based restricted stock. This was a tax-withholding disposition rather than an open-market sale, and he continues to hold 1,855,606 Riot Common Stock shares directly after the transaction.

Riot Platforms, Inc. CEO and director Jason Les reported a tax-related share withholding. On July 31, 2026, the company withheld 2,896,921 shares of common stock at $20.17 per share to satisfy tax withholding obligations tied to the vesting of performance-based restricted stock under its Long-Term Incentive Program, leaving 4,944,637 shares held directly and 1,263,556 shares held indirectly through a trust.

Riot Platforms, Inc. senior vice president and chief accounting officer Ryan D. Werner reported selling a total of 17,828 shares of common stock in open-market transactions. The sales occurred on July 7, 2026 at weighted average prices of $21.22 and $21.93 per share.

The trades were executed under a pre-arranged Rule 10b5-1 trading plan adopted on December 2, 2025. According to the footnotes, the shares were sold in multiple transactions within price ranges of $20.52–$21.51 and $21.53–$22.26 per share, with reported prices reflecting weighted averages.