[SCHEDULE 13G/A] Riot Platforms, Inc. SEC Filing

Rhea-AI Filing Summary

The amended Schedule 13G reports that The Goldman Sachs Group, Inc. and Goldman Sachs & Co. LLC together beneficially own 4,201,703.96 shares of Riot Platforms common stock, representing 1.2% of the class. The filers disclose 0 shares of sole voting or dispositive power and shared voting power of 4,199,906.96 and shared dispositive power of 4,200,036.96, indicating the position is held jointly rather than individually.

Exhibits include a joint filing agreement and an Item 7 exhibit identifying Goldman Sachs & Co. LLC as the subsidiary that holds or may be deemed to hold the securities and noting that those securities are held in the ordinary course of business and not for the purpose of changing control.

Positive

• Transparent disclosure of beneficial ownership by a major financial institution with precise share counts and percentage
• Joint filing and Item 7 exhibit clearly identify the subsidiary responsible for the position and its broker-dealer/investment adviser status
• Certification that the position is held in the ordinary course of business and not to change control

Negative

• None.

Insights

Securities Analyst

TL;DR Goldman Sachs reports a modest 1.2% beneficial stake in Riot Platforms with shared voting and dispositive powers of ~4.2M shares.

The Schedule 13G/A discloses an aggregate beneficial ownership of 4,201,703.96 shares and classifies the holding as below 5 percent, consistent with routine institutional disclosure. The detailed cover data shows no sole voting or dispositive power and nearly identical shared voting and shared dispositive figures, which aligns with omnibus or client-account arrangements. The filing includes exhibits that identify the subsidiary holder and a joint filing agreement.

Corporate Governance Expert

TL;DR The filing signals transparency and joint reporting; it expressly states holdings are not for control purposes.

The included certification states the securities are held in the ordinary course of business and not to influence control, and Item 5 confirms ownership of 5% or less. The joint filing agreement and Item 7 exhibit clarify that Goldman Sachs & Co. LLC, a subsidiary and registered broker-dealer/investment adviser, is the entity through which the position is held or may be deemed held. From a governance perspective, the disclosure documents beneficial ownership and responsibility without indicating activist intent.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

RIOT PLATFORMS, INC.

(Name of Issuer)

Common Stock, no par value per share

(Title of Class of Securities)

767292105

(CUSIP Number)

06/30/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 767292105

1

Names of Reporting Persons

THE GOLDMAN SACHS GROUP, INC.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 4,199,906.96
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 4,200,036.96

9

Aggregate Amount Beneficially Owned by Each Reporting Person

4,201,703.96

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

1.2 %

12

Type of Reporting Person (See Instructions)

HC, CO

SCHEDULE 13G

CUSIP No. 767292105

1

Names of Reporting Persons

GOLDMAN SACHS & CO. LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

NEW YORK

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 4,199,906.96
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 4,200,036.96

9

Aggregate Amount Beneficially Owned by Each Reporting Person

4,201,703.96

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

1.2 %

12

Type of Reporting Person (See Instructions)

BD, OO, IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: RIOT PLATFORMS, INC.
(b)	Address of issuer's principal executive offices: 3855 Ambrosia Street, Suite 301, Castle Rock, X1,80109
Item 2.
(a)	Name of person filing: THE GOLDMAN SACHS GROUP, INC.| GOLDMAN SACHS & CO. LLC
(b)	Address or principal business office or, if none, residence: The Goldman Sachs Group, Inc. 200 West Street New York, NY 10282| Goldman Sachs & Co. LLC 200 West Street New York, NY 10282
(c)	Citizenship: THE GOLDMAN SACHS GROUP, INC. - Delaware| GOLDMAN SACHS & CO. LLC - New York
(d)	Title of class of securities: Common Stock, no par value per share
(e)	CUSIP No.: 767292105
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: See the response(s) to Item 9 on the attached cover page(s).
(b)	Percent of class: See the response(s)to Item 11 on the attached cover page(s).
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: See the response(s) to Item 5 on the attached cover page(s).
	(ii) Shared power to vote or to direct the vote: See the response(s) to Item 6 on the attached cover page(s).
	(iii) Sole power to dispose or to direct the disposition of: See the response(s) to Item 7 on the attached cover page(s).
	(iv) Shared power to dispose or to direct the disposition of: See the response(s) to Item 8 on the attached cover page(s).
Item 5.	Ownership of 5 Percent or Less of a Class.
	Ownership of 5 percent or less of a class
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary. See Exhibit (99.2)
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

THE GOLDMAN SACHS GROUP, INC.

Signature:	Name: Abhilasha Bareja
Name/Title:	Attorney-in-fact
Date:	07/17/2025

GOLDMAN SACHS & CO. LLC

Signature:	Name: Abhilasha Bareja
Name/Title:	Attorney-in-fact
Date:	07/17/2025

Exhibit Information

EXHIBIT (99.1) JOINT FILING AGREEMENT In accordance with Rule 13d-1(k)(1) promulgated under the Securities Exchange Act of 1934, the undersigned agree to the joint filing of a Statement on Schedule 13G (including any and all amendments thereto) with respect to the Common Stock, no par value per share, of RIOT PLATFORMS, INC. and further agree to the filing of this agreement as an Exhibit thereto. In addition, each party to this Agreement expressly authorizes each other party to this Agreement to file on its behalf any and all amendments to such Statement on Schedule 13G. Date: 07/17/2025 THE GOLDMAN SACHS GROUP, INC. By:/s/ Abhilasha Bareja ---------------------------------------- Name: Abhilasha Bareja Title: Attorney-in-fact GOLDMAN SACHS & CO. LLC By:/s/ Abhilasha Bareja ---------------------------------------- Name: Abhilasha Bareja Title: Attorney-in-fact EXHIBIT (99.2) ITEM 7 INFORMATION The securities being reported on by The Goldman Sachs Group, Inc. ("GS Group"), as a parent holding company, are owned, or may be deemed to be beneficially owned, by Goldman Sachs & Co. LLC ("Goldman Sachs"), a broker or dealer registered under Section 15 of the Act and an investment adviser registered under Section 203 of the Investment Advisers Act of 1940. Goldman Sachs is a subsidiary of GS Group.

FAQ

How many RIOT shares does Goldman Sachs report owning?

The filing reports an aggregate beneficial ownership of 4,201,703.96 shares of Riot Platforms common stock.

What percentage of RIOT does Goldman Sachs own according to the 13G/A?

The reported position represents 1.2% of Riot Platforms' outstanding common stock.

Does Goldman Sachs report sole voting or dispositive power over these RIOT shares?

No. The filing reports 0 shares of sole voting power and 0 shares of sole dispositive power; voting and dispositive powers are reported as shared.

Which entity actually holds or may be deemed to hold the RIOT securities?

Exhibit information identifies Goldman Sachs & Co. LLC as the subsidiary that owns, or may be deemed to own, the reported securities.

Does the filing indicate the position is intended to influence control of Riot Platforms?

The certification states the securities are held in the ordinary course of business and were not acquired and are not held for the purpose of changing or influencing control of the issuer.