7Baggers
Quarterly
Annual
    Unit: USD2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 2020-09-30 2020-06-30 2019-03-31 2018-12-31 2018-09-30 2018-06-30 2018-03-31 2017-03-31 2015-12-31 2014-12-31 2014-03-31 2013-12-31 2013-09-30 2013-06-30 2013-03-31 2012-12-31 2012-09-30 2012-06-30 2012-03-31 2011-12-31 2011-09-30 2011-06-30 2011-03-31 2010-12-31 2010-09-30 2010-06-30 2010-03-31 2009-12-31 2009-09-30 
      
    		                                                
      revenue:
    		                                                
      bitcoin mining
    		160,792,000 140,889,000 142,859,000 126,351,000 67,491,000 55,764,000 74,597,000 60,009,000 31,222,000 49,742,000 48,023,000                                      
      engineering
    		19,097,000 10,576,000 13,920,000 11,551,000 12,638,000 9,627,000 4,675,000 13,308,000 15,536,000 19,312,000 16,147,000 20,456,000 15,824,000 16,938,000 11,549,000                                  
      other
    		340,000 1,523,000 4,608,000 4,656,000 4,657,000 4,627,000                                 -31,475.25 -52,241  4,000     10,783.75  
      total revenue
    		180,229,000 152,988,000 161,387,000 142,558,000 84,786,000 70,018,000 79,296,000 78,812,000 51,891,000 76,739,000 73,236,000 60,147,000 46,290,000 72,947,000 79,787,000 64,808,000 34,348,000 23,197,000 5,291,000 2,462,000 1,942,000 1,430,260 1,685,403 2,366,683 2,792,794 925,554                       
      yoy
    		112.57% 118.50% 103.52% 80.88% 63.39% -8.76% 8.27% 31.03% 12.10% 5.20% -8.21% -7.19% 34.77% 214.47% 1407.98% 2532.33% 1668.69% 1521.87% 213.93% 4.03% -30.46% 54.53%                           
      qoq
    		17.81% -5.20% 13.21% 68.14% 21.09% -11.70% 0.61% 51.88% -32.38% 4.78% 21.76% 29.94% -36.54% -8.57% 23.11% 88.68% 48.07% 338.42% 114.91% 26.78% 35.78% -15.14% -28.79% -15.26% 201.74%                        
      ​
    		                                                
      costs and expenses:
    		                                                
      cost of revenue
    		                                                
      acquisition-related costs
    		 111,000 76,000 2,462,000 3,079,000           552,000 17,032,000                                
      selling, general, and administrative
    		69,832,000 75,902,000 71,448,000 81,138,000 66,936,000 61,189,000 57,652,000 38,768,000 29,067,000 19,836,000 12,675,000                                      
      depreciation and amortization
    		82,929,000 83,197,000 77,926,000 82,384,000 60,000,000 37,326,000 32,343,000 62,283,000 64,569,000 66,162,000 59,340,000 46,584,000 26,559,000 20,562,000 14,245,000 12,207,000 5,738,000 2,846,000 1,733,000 1,267,000 830,000 23,839 -418,292 658,338 2,870,899 2,156,427                       
      change in fair value of bitcoin
    		-133,120,000 -470,812,000 208,040,000 -291,178,000 -8,554,000 76,403,000 -234,080,000                                          
      change in fair value of derivative asset
    		-10,792,000 42,747,000 -41,894,000 -21,879,000 24,318,000 -27,484,000 -20,232,000 4,553,000 -3,943,000 -13,109,000 5,778,000 15,447,000 17,749,000 -60,931,000 -46,235,000 -9,920,000 -17,536,000                                
      power curtailment credits
    		-30,634,000 -8,313,000 -7,801,000 -2,240,000 -12,417,000 -13,897,000 -5,131,000 -5,069,000 -49,601,000 -13,470,000 -3,075,000 -6,017,000 -13,070,000 -5,706,000                                   
      change in fair value of contingent consideration
    		1,000 -9,390,000 -8,252,000         -335,000   176,000 259,000 185,000                                
      loss on contract settlement
    		 158,137,000                                               
      gain on acquisition post-close dispute settlement
    		 -26,007,000                                               
      gain on sale/exchange of equipment
    		-2,742,000 350,000 129,000 17,361,000  68,000   5,306,000 30,000                                       
      casualty-related charges (recoveries)
    		-47,000 -119,000  -308,000  -187,000 -2,300,000    1,526,000                                      
      impairment of property and equipment
    		15,279,000                                                
      total costs and expenses
    		100,178,000 -63,158,000 395,261,000 -45,644,000 206,299,000 187,059,000 -124,646,000 4,718,000 99,722,000 109,222,000 130,063,000 218,233,000 86,301,000 438,960,000 41,878,000 69,020,000 39,499,000 15,842,000 6,122,000 4,569,000 13,912,000 4,647,315 11,044,786 8,824,471 26,670,071 20,364,533                       
      operating income
    		80,051,000 216,146,000 -233,874,000 188,202,000 -121,513,000 -117,041,000 203,942,000 74,094,000 -47,831,000 -32,483,000 -56,827,000 -158,086,000 -40,011,000 -366,013,000 37,909,000 -4,212,000 -5,151,000 7,355,000 -831,000 -2,107,000 -11,970,000        -7,499,292 -2,903,744 -3,075,504 -3,072,803 -3,133,603 -2,821,273 -2,438,737 -2,401,628 -2,247,095 -1,874,202 -2,445,513 -3,011,209 -2,746,252 -2,773,214 -3,199,854 -3,027,295 -3,387,093 -3,835,320 -5,155,139 -3,808,864 
      yoy
    		-165.88% -284.68% -214.68% 154.00% 154.05% 260.31% -458.88% -146.87% 19.54% -91.13% -249.90% 3653.23% 676.76% -5076.38% -4661.85% 99.91% -56.97%            139.32% 2.92% 26.11% 27.95% 39.45% 50.53% -0.28% -20.24% -18.18% -32.42% -23.57% -0.53% -18.92% -27.69% -37.93% -20.52%     
      qoq
    		-62.96% -192.42% -224.27% -254.88% 3.82% -157.39% 175.25% -254.91% 47.25% -42.84% -64.05% 295.11% -89.07% -1065.50% -1000.02% -18.23% -170.03% -985.08% -60.56% -82.40%         158.26% -5.58% 0.09% -1.94% 11.07% 15.69% 1.55% 6.88% 19.90% -23.36% -18.79% 9.65% -0.97% -13.33% 5.70% -10.62% -11.69% -25.60% 35.35%  
      operating margin %
    		44.42% 141.28% -144.92% 132.02% -143.32% -167.16% 257.19% 94.01% -92.18% -42.33% -77.59% -262.83% -86.44% -501.75% 47.51% -6.50% -15.00% 31.71% -15.71% -85.58% -616.37% 0% 0% 0% 0% 0%                       
      other income:
    		                                                
      interest income
    		3,919,000 3,334,000 3,397,000 6,034,000 5,175,000 8,152,000 7,805,000 4,891,000 2,318,000 4,843,000 -3,830,000 463,000 348,000   40,000 80,000 175,000 58,000 12,000 16,000                    3,112 8,247 14,088 23,451 11,848 12,309 18,187 27,616 
      interest expense
    		-8,052,000 -6,093,000 -2,308,000                   -68,363 -84,975 -21,836 -15,093 -1,069 -4,834  -9,197.5 -36,790           -44,152 -44,867 -50,846 -48,206 -47,005 -48,425 -50,021 -49,141 
      gain on equity method investment - marketable securities
    		28,903,000 6,143,000                                               
      other income
    		1,344,000 244,000 93,000 732,000 90,000 33,000 8,000 164,000 31,000 65,000    -59,000  -85,000 1,510,000  -1,000 -2,000 -12,000 78,872         41,852 713 -11,016 19,104 183,268 -58,459 -62,664 -64,069           
      total other income
    		26,114,000 3,628,000 -62,056,000 -51,088,000 -32,817,000 32,647,000 7,813,000 5,055,000 2,349,000 4,908,000 -3,830,000 -603,000 490,000 -6,520,000 -1,968,000 -11,131,000 28,218,000 175,000 4,748,000 390,000 1,380,000 -10,533,372 -501,017 -69,152 -1,028,561 -275,503 21,386  3,855 -43,905           -41,040 -32,620 207,871 -24,755 -35,157 -36,116 16,065.5 -21,525 
      net income before taxes
    		106,165,000 219,774,000 -295,930,000 137,114,000 -154,330,000 -84,394,000 211,755,000 79,149,000 -45,482,000 -27,575,000 -60,657,000 -158,689,000 -39,521,000 -372,533,000 35,941,000 -15,343,000                                 
      current income tax benefit
    		-1,685,000 -320,000 -437,000 -679,000 -32,000 -55,000 22,000 79,000 157,000 -112,000 -76,000 39,000 -89,000 -427,000                                   
      net income
    		104,480,000 219,454,000 -296,367,000 136,435,000 -154,362,000 -84,449,000 211,777,000 79,228,000 -45,325,000 -27,687,000 -55,688,000 -155,779,000 -36,569,000 -366,334,000 35,629,000 -15,343,000 19,337,000 7,530,000 3,917,000 -1,717,000 -10,590,000 -13,750,427 -12,686,400 -6,526,940 -24,433,838 -16,565,350 -4,353,776  -7,495,437 -2,947,649 -3,129,777 -3,072,090 -3,144,619 -2,802,169 -2,504,098 -2,460,087 -2,309,759 -1,938,271 -1,557,225 -3,063,450 -2,787,292 -2,805,834 -2,991,983 -3,052,050 -3,422,250 -3,871,436 -5,186,973 -3,830,389 
      yoy
    		-167.69% -359.87% -239.94% 72.21% 240.57% 205.01% -480.29% -150.86% 23.94% -92.44% -256.30% 915.31% -289.11% -4964.99% 809.60% 793.59% -282.60% -154.76% -130.88% -73.69% -56.66% -16.99% 191.39%  225.98% 461.99% 39.11%  138.36% 5.19% 24.99% 24.88% 36.14% 44.57% 60.81% -19.70% -17.13% -30.92% -47.95% 0.37% -18.55% -27.52% -42.32% -20.32%     
      qoq
    		-52.39% -174.05% -317.22% -188.39% 82.79% -139.88% 167.30% -274.80% 63.70% -50.28% -64.25% 325.99% -90.02% -1128.19% -332.22% -179.35% 156.80% 92.24% -328.13% -83.79% -22.98% 8.39% 94.37% -73.29% 47.50% 280.48%   154.29% -5.82% 1.88% -2.31% 12.22% 11.90% 1.79% 6.51% 19.17% 24.47% -49.17% 9.91% -0.66% -6.22% -1.97% -10.82% -11.60% -25.36% 35.42%  
      net income margin %
    		57.97% 143.45% -183.64% 95.70% -182.06% -120.61% 267.07% 100.53% -87.35% -36.08% -76.04% -259.00% -79.00% -502.19% 44.66% -23.67% 56.30% 32.46% 74.03% -69.74% -545.31% -961.39% -752.72% -275.78% -874.89% -1789.78%                       
      basic net income per share
    		0.3 0.65 -0.9    0.82     -0.66 -0.24 -2.81 0.3 -0.16 0.22 0.09                               
      diluted net income per share
    		0.26 0.58 -0.9    0.81     -0.66 -0.24 -2.81 0.3 -0.16 0.22 0.09                               
      basic weighted-average number of shares outstanding
    		347,085,375 336,278,380 329,508,458 275,980,010   259,506,242      153,895,123 130,405,502 117,042,347 96,064,036 88,681,338 83,163,400                               
      diluted weighted-average number of shares outstanding
    		403,179,486 382,677,364 329,508,458 318,925,961   262,358,332      153,895,123 130,405,502 117,042,347 96,064,036 89,241,044 83,712,151                               
      unrealized gain on equity method investment - marketable securities
    		  -63,238,000 -55,869,000 -38,082,000                                            
      deferred income tax benefit
    		          5,045,000 2,871,000 3,041,000 6,626,000         -2,826,000  472,000 3,053,000                       
      total income tax benefit
    		   -679,000 -32,000 -55,000 22,000 79,000 157,000 -112,000 4,969,000 2,910,000 2,952,000 6,199,000                                   
      basic and diluted net income per share
    		   -0.025 -0.54 -0.32  0.48 -0.25 -0.17 -0.33                  -0.22 -0.14 -0.14 -0.14 -0.21 -0.28 -0.06 -0.32 -1.19 -0.2 -0.19 -0.38 -0.35 -0.07 -0.07 -0.08 -0.09 -0.1 -0.15 -0.12 
      basic and diluted weighted-average number of shares outstanding
    		    286,243,674 264,625,308  175,026,051 180,952,689 167,342,813 167,342,500 139,433,901       41,976,704 44,773,870 34,528,836 14,449,628 13,403,846 14,197,763 13,511,427 12,289,785 4,599,184                      
      cost of revenue:
    		                                                
      unrealized gain on marketable equity securities
    		     24,462,000      -1,576,500 142,000 -4,837,000   339,000                                
      data center hosting
    		       5,471,000 5,108,000 7,661,000 9,042,000 8,963,000 8,371,000 9,834,000                                   
      other revenue
    		      24,000 24,000 25,000 24,000 24,000 24,000 25,000 24,000 24,000 25,000 24,000                                
      realized gain on sale of bitcoin
    		       -11,774,500 -13,495,000 -19,828,000 -13,775,000                                      
      casualty-related charges
    		       381,500                                         
      impairment of bitcoin
    		       3,537,750 4,041,000 5,638,000 4,472,000 15,288,000 5,900,000                                    
      impairment of goodwill
    		             349,148,000                                   
      realized loss on sale of marketable equity securities
    		           -7,372,000  -1,624,000                                   
      unrealized loss on marketable equity securities
    		              -1,611,000 -11,151,000                                 
      revenue, net:
    		                                                
      mining
    		           31,541,500 22,070,000 46,151,000 19,094,000                                  
      cost of revenues
    		                 7,534,000 2,102,000 1,302,000 1,439,000 1,471,338 1,886,544 2,031,885 1,477,587 349,011                       
      selling, general and administrative
    		           9,387,250 16,004,000 10,713,000 10,910,000 40,307,000 3,512,000 5,462,000 2,287,000 2,000,000 2,230,000 3,152,138 4,557,587 5,970,411 6,422,883 3,906,197 1,034,653  4,665,198 1,894,442 1,411,243 1,322,976 1,354,330 1,427,955 1,240,043 1,346,391 1,393,714 1,204,675 1,205,513 1,405,979 1,360,256 1,603,473    1,883,677 1,107,008.75 1,602,242 
      realized gain on sale/exchange of bitcoin
    		           -4,903,000 -1,854,000                                    
      gain on exchange of equipment
    		            -7,667,000 -8,614,000                                   
      realized gain on sale/exchange of long-term investment
    		                26,260,000                                
      realized gain on sale/exchange of cryptocurrencies
    		             -14,353,000 -9,236,000 65,000 29,000                                
      impairment of cryptocurrencies
    		             99,787,000 26,390,000  17,507,000                                
      revenue, net - mining
    		              57,945,000                                  
      revenue, net - hosting
    		              9,694,000                                  
      revenue, net - engineering
    		              12,124,000                                  
      hosting
    		              14,985,000                                  
      interest and other income
    		              -357,000                                  
      current income tax expense
    		              -312,000                                  
      revenue, net - cryptocurrency mining
    		               53,590,000 31,450,000 23,173,000 5,267,000 2,437,000                             
      revenue, net - data center hosting
    		               11,193,000 2,874,000                                
      cost of revenues, cryptocurrency mining
    		               13,034,000 9,325,000                                
      cost of revenues, data center hosting
    		               12,581,000 3,736,000                                
      impairment of long-term investment
    		                    9,413,000                            
      reversal of registration rights penalty
    		                    1,358,000                            
      gain on sale of equipment
    		                  -2,000 -5,000 18,000                            
      deferred income tax expense
    		                -3,730,000                                
      license fees
    		                 24,000 24,000 25,000 24,000 24,175                           
      loss on issuance of convertible notes, common stock and warrants
    		                     -6,154,660                           
      change in fair value of warrant liability
    		                     -2,753,228                           
      change in fair value of convertible notes
    		                     -1,644,582                           
      gain on deconsolidation of tess
    		                                                
      realized gain on exchange of cryptocurrencies
    		                  122,750 385,000                             
      net income attributable to non-controlling interest
    		                     221,422 1,275,597 296,982 416,918 215,258                       
      net income attributable to riot blockchain
    		                  3,910,000 -1,717,000 -10,590,000 -13,529,005 -11,410,803 -6,229,958 -24,016,920 -16,350,092                       
      basic and diluted net income per share:
    		                  0.16 -0.04 -0.31                            
      revenue - cryptocurrency mining
    		                    1,918,000  1,521,851.25 2,342,508 2,768,619 901,380                       
      revenue - digital currency mining
    		                     1,406,085                           
      impairment of digital currencies
    		                      126,274 163,837                         
      operating income from continuing operations
    		                     -3,217,055 -9,359,383 -6,457,788 -23,877,277 -19,438,979 -1,028,170                      
      non-compliance penalty for sec registration requirement
    		                                                
      investment income
    		                     16,842 322 683 6,690 62,586 26,220  49,245 -7,115                   
      realized gain on sale of digital currencies
    		                     4,788 -424,898 219,247                         
      income from continuing operations before income taxes
    		                     -13,750,427 -9,860,400 -6,526,940 -24,905,838 -19,714,482                       
      income from continuing operations
    		                     -13,750,427 -12,686,400 -6,526,940 -24,433,838 -16,661,482 -1,006,784                      
      discontinued operations
    		                          -0.73                      
      income from operations
    		                         96,132 -642,636                      
      income from discontinued operations
    		                         96,132                       
      continuing operations attributable to riot blockchain
    		                     -0.94 -0.77 -0.46 -1.81 -1.36                       
      discontinued operations attributable to riot blockchain
    		                         0.01                       
      net income per share
    		                     -0.94 -0.77 -0.46 -1.81                        
      other revenue - fee
    		                      18,131 24,175 24,175 24,174     23,008 21,708 21,249      8,882 17,766 17,766 17,765 12,657.25 17,766 16,876 15,987 11,990 15,987 
      research and development
    		                      3,633  10,000 4,532 17,692  2,982,282 1,052,298 1,687,306 1,806,373 1,800,522 1,411,973 1,215,180 1,065,967 880,610 676,618 1,292,896 1,644,995 1,456,335 1,271,995 1,620,785 1,043,156 1,311,235 2,044,197 2,780,202 2,275,175 
      impairment of property, plant & equipment
    		                      6,714,505.75                          
      other incomes
    		                      -339,731 -1,746 -1,020,158 -337,020                       
      loss on extinguishment of bmss payable
    		                       -265,500                         
      escrow forfeiture gain
    		                                                
      impairment loss
    		                          -2,704,356                      
      impairment expense
    		                        15,377,532 11,480,491                       
      change in fair value of digital currencies
    		                        511,170 2,467,875                       
      other revenue – fee
    		                          24,175  5,793.75 23,175    18,655 1,122.5 4,490             
      operating expenses:
    		                                                
      total operating expenses
    		                          1,052,345  7,647,480 2,946,740 3,098,549 3,129,349 3,154,852 2,839,928 2,455,223 2,412,358 2,274,324 1,881,293 2,498,409 3,050,974 2,816,591 2,875,468 3,197,899 2,975,177 3,429,141 3,927,874 4,983,075 3,877,417 
      gain on sale of property and equipment
    		                                                
      total income from discontinued operations
    		                          -3,346,992                      
      continuing operations
    		                          -0.22                      
      sales
    		                            115,227 51,728  56,068   801 6,240 27,241 7,275 44,401 22,381 55,322 97,316 88,481 80,483 59,132 142,133 68,621 69,212 
      cost of sales
    		                            39,563 31,907 -37 21,230   396  12 184 387 382 2,749 12,827 108,201 150,367 33,960 65,566 406,672 16,646 
      gross profit
    		                            75,664 19,821 37 34,838   405 6,240 27,229 7,091 44,014 21,999 52,573 84,489 -19,720 -69,884 25,172 76,567 -338,051 52,566 
      yoy
    		                              -90.86% 458.30%   -99.08% -71.64% -48.21% -91.61% -323.19% -131.48% 108.86% 10.35% -94.17% -232.95%     
      qoq
    		                            281.74% 53470.27% -99.89%    -93.51% -77.08% 283.99% -83.89% 100.07% -58.16% -37.78% -528.44% -71.78% -377.63% -67.12% -122.65% -743.10%  
      gross margin %
    		0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%                       
      basic and diluted weighted-average number
    		                                                
      of shares outstanding
    		                            5,409,762.25 21,639,049 3,857,642.5 21,454,380 14,756,578 9,954,380 943,057 7,716,480 1,948,717 9,633,321 2,007,080.25 8,028,321 8,027,665 40,138,324 9,736,858.75 40,138,324 39,174,507 37,500,486 7,958,475 32,158,512 
      (includes non-cash compensation
    		                                                
      of 724,924; 417,870; 1,319,676
    		                                                
      and 805,997)
    		                                            2,117,906    
    The information provided in this report is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.