Form 8-K - Current report

0001167419false00011674192024-12-132024-12-13

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(D) OF

THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): December 13, 2024

Riot Platforms, Inc.

(Exact name of registrant as specified in its charter)

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Nevada		001-33675		84-1553387
(State or other jurisdiction of incorporation)	​	(Commission File Number)	​	(I.R.S. Employer Identification No.)

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3855 Ambrosia Street, Suite 301

Castle Rock, CO 80109

(Address of principal executive offices)

[phone]

(Registrant’s telephone number, including area code)

(Former name, former address, and former fiscal year, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

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Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common Stock, no par value per share	​	RIOT	​	Nasdaq Capital Market

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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

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Item 8.01 – Other Events.

Bitcoin Holdings Update

On December 13, 2024, Riot Platforms, Inc. (the “Company”) announced that, during the period between December 10, 2024 and December 12, 2024, the Company acquired approximately 5,117 Bitcoin for approximately $510 million at an average price of approximately $99,669 per Bitcoin, inclusive of fees and expenses. As of December 12, 2024, the Company increased its total Bitcoin holdings to 16,728. The Bitcoin purchases were made using a portion of the net proceeds from the offering of its 0.75% convertible senior notes due 2030 as well as cash on hand.

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S I G N A T U R E

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

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​	RIOT PLATFORMS, INC.		​
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​	By:	/s/ Colin Yee	​
​	Name:	Colin Yee	​
​	Title:	Chief Financial Officer	​

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Date: December 13, 2024

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Document and Entity Information	Dec. 13, 2024
Document and Entity Information [Abstract]
Document Type	8-K
Document Period End Date	Dec. 13, 2024
Entity Registrant Name	Riot Platforms, Inc.
Entity Incorporation, State or Country Code	NV
Entity File Number	001-33675
Entity Tax Identification Number	84-1553387
Entity Address, Address Line One	3855 Ambrosia Street
Entity Address, Adress Line Two	Suite 301
Entity Address, City or Town	Castle Rock
Entity Address State Or Province	CO
Entity Address, Postal Zip Code	80109
City Area Code	(303)
Local Phone Number	794-2000
Written Communications	false
Soliciting Material	false
Pre-commencement Tender Offer	false
Pre-commencement Issuer Tender Offer	false
Title of 12(b) Security	Common Stock, no par value per share
Trading Symbol	RIOT
Security Exchange Name	NASDAQ
Entity Emerging Growth Company	false
Entity Central Index Key	0001167419
Amendment Flag	false

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