Filing Risk Score
100A
Regulatory filing quality and event signal from SEC disclosures
Key inputs: Recent Form 4 insider transactions · Recent Form 4 insider transactions
Bitcoin miner
Riot Platforms
$RIOTBitcoin miner with operating leverage to hashrate, energy costs, power strategy, and BTC price cycles.
TechnologyBitcoin miningBitcoin mining operations
Signal summary
Sawse research signals
Scores summarize filing, market, ownership, and exposure records for research prioritization.
BTC Exposure Score
80A
Degree of Bitcoin exposure relative to entity type
Key inputs: Bitcoin mining operations
Insider Activity Signal
25E
Net insider buying/selling pattern and cluster activity
Key inputs: 2 insider transaction clusters · 3 Form 4 transactions
Event Momentum Score
100A
Directional signal from recent SEC event categorizations
Key inputs: 7 recent SEC filings · 6 fresh source updates
Quote & Trading
Delayed quote
$27.47
+$0.33 (1.21%)
Session timestamp: Jun 5, 2026, 9:31 PM
- Range
- 1M
- Start
- $18.68
- Latest
- $27.65
- Latest date
- Jun 3, 2026
Fundamentals
Showing the latest source-confirmed income statement values. The bar scale compares magnitude within this statement only; it is not a trend line and does not indicate positive or negative quality.
3 metrics · latest period Mar 31, 2026. 3 metrics include a prior-period comparison.
Revenue
167.22M USD
Net income
-500.48M USD
Operating income
-499.87M USD
| Metric | Value | Period | Prior | Change |
|---|---|---|---|---|
| Revenue | 167.22M USD | Mar 31, 2026 | 647.43M USD | -480.22M USD (-74.2%) |
| Net income | -500.48M USD | Mar 31, 2026 | -663.18M USD | +162.7M USD (24.5%) |
| Operating income | -499.87M USD | Mar 31, 2026 | -622.17M USD | +122.3M USD (19.7%) |
Revenue
Mar 31, 2026
- Value
- 167.22M USD
- Change
- -480.22M USD (-74.2%)
- Prior
- 647.43M USD
Net income
Mar 31, 2026
- Value
- -500.48M USD
- Change
- +162.7M USD (24.5%)
- Prior
- -663.18M USD
Operating income
Mar 31, 2026
- Value
- -499.87M USD
- Change
- +122.3M USD (19.7%)
- Prior
- -622.17M USD
SEC Filings
Risk Factor Watch
21 source-confirmed changes detected
Compared 10-K 2026-03-02 with 10-K 2025-02-28.
8 Added5 Changed8 Removed
New / expanded language
Leased Property As of December 31, 2025, we leased: various corporate offices utilized by our Bitcoin Mining and Engineering segments; manufacturing facilities in Denver, Colorado and Houston, Texas utilized by our Engineering segment; and a data center and certain equipment in Kentucky utilized by our Bitcoin Mining segment.
Discussion of 2023 items and a year-to-year comparison between 2023 and 2024 can be found in “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in Part II, Item 7 of our Annual Report on Form 10-K for the year ended December 31, 2024.
“Risk Factors” of this Annual Report for a discussion of factors that could cause actual results to differ materially – and potentially adversely – from the results described in or implied by the forward-looking statements contained in this MD&A and elsewhere in this Annual Report.
Materially changed
We operate in two reportable business segments: Bitcoin Mining and Engineering.
The increase of 858 bitcoin was primarily due to our increase in deployed hash rate as a result of the development of the Corsicana Facility, the acquisition of Block Mining and our significantly improved operational efficiency, partially offset by the increase in the global network hash rate and the halving that occurred in April 2024.
Miners with a low cost of power are also able to profitably mine in a wider range of bitcoin prices.
8 removed risk-factor candidates
Other than the ground lease for the Rockdale Facility noted above, there are no material encumbrances on any of our owned facilities.
43 (a) During the quarter ended December 31, 2024, pursuant to our 2019 Equity Incentive Plan , certain of our employees surrendered shares of common stock to us to satisfy statutory minimum federal and state tax obligations associated with the vesting of restricted stock awards.
The shares of common stock in connection with the Block Mining Acquisition were issued in reliance upon an exemption from registration provided by Section 4(a)(2) of the Securities Act and/or the private offering safe harbor provision of Rule 506 of Regulation D promulgated thereunder.
As a result of the elimination of the Data Center Hosting reportable segment during 2024, year-to-year comparisons between 2023 and 2022 are also presented within Results of Operations .
Source-extracted Item 1A comparison.
May 29, 2026View on SEC
May 13, 2026View on SEC
May 11, 2026View on SEC
Apr 30, 2026View on SEC
Apr 30, 2026View on SEC
Item 2.02Results of Operations and Financial ConditionItem 9.01Financial Statements and Exhibits
Insider Activity
Form 4 context
Recent insider transaction activity
The 30, 90, and 365 day windows are measured backward from the newest Form 4 row loaded for this ticker. “Acquired” and “Disposed” are the Form 4 share-direction fields; they are not a Sawse conclusion about insider intent.
A cluster groups related Form 4 rows with the same transaction direction and code inside a weekly date window. Sawse flags a group as a cluster when it has multiple rows, multiple reporting owners, or at least 100,000 reported shares.
Loaded Form 4 rows20
90-day net activity-1,360,526Net disposed
90-day net value-$5.41MFrom 3 priced rows
Detected clusters4
Last 30 days
- Rows
- 2
- Acquired
- 0
- Disposed
- 212,616
- Net shares
- -212,616
- Net value
- -$5.41M
Last 90 days
- Rows
- 3
- Acquired
- 0
- Disposed
- 1,360,526
- Net shares
- -1,360,526
- Net value
- -$5.41M
Last 365 days
- Rows
- 20
- Acquired
- 5,781,359
- Disposed
- 1,399,951
- Net shares
- +4,381,408
- Net value
- -$5.9M
Cluster filter
Use clusters to inspect grouped Form 4 activity without scrolling through the full table.
Unclustered single rows remain in the table when All groups is selected.
20 transaction rows match the active filters; 12 rows are shown.
| Insider | Role | Group | Direction | Shares | Dollar value | Date |
|---|---|---|---|---|---|---|
| Werner Ryan D. | SVP, CAO, officer | Single row | Disposed | 37,616 | $996.82K | May 27, 2026 |
| Les Jason | CEO, director, officer | Cluster 1 | Disposed | 175,000 | $4.41M | May 11, 2026 |
| Gibbs Jonathan | CDCO (See Remarks), officer | Cluster 2 | Disposed | 1,147,910 | $0 | Apr 12, 2026 |
| Howell Stephen Mitchell Jr. | COO, officer | Cluster 3 | Acquired | 197,316 | $0 | Jan 1, 2026 |
| Howell Stephen Mitchell Jr. | COO, officer | Cluster 3 | Acquired | 394,632 | $0 | Jan 1, 2026 |
| Jackman William Richard | CHIEF LEGAL OFFICER (CLO), officer | Cluster 3 | Acquired | 197,316 | $0 | Jan 1, 2026 |
| Jackman William Richard | CHIEF LEGAL OFFICER (CLO), officer | Cluster 3 | Acquired | 394,632 | $0 | Jan 1, 2026 |
| Yi Soo il Benjamin | EXECUTIVE CHAIRMAN, director, officer | Cluster 3 | Acquired | 473,559 | $0 | Jan 1, 2026 |
| Yi Soo il Benjamin | EXECUTIVE CHAIRMAN, director, officer | Cluster 3 | Acquired | 947,118 | $0 | Jan 1, 2026 |
| Werner Ryan D. | SVP, CAO, officer | Cluster 4 | Disposed | 9,943 | $125.98K | Jan 1, 2026 |
| Werner Ryan D. | SVP, CAO, officer | Cluster 3 | Acquired | 118,388 | $0 | Jan 1, 2026 |
| Yee Colin M. | EVP, CFO, officer | Cluster 3 | Acquired | 157,853 | $0 | Jan 1, 2026 |
Werner Ryan D.
SVP, CAO, officer
Single row
- Direction
- Disposed
- Shares
- 37,616
- Dollar value
- $996.82K
- Date
- May 27, 2026
Les Jason
CEO, director, officer
Cluster 1
- Direction
- Disposed
- Shares
- 175,000
- Dollar value
- $4.41M
- Date
- May 11, 2026
Gibbs Jonathan
CDCO (See Remarks), officer
Cluster 2
- Direction
- Disposed
- Shares
- 1,147,910
- Dollar value
- $0
- Date
- Apr 12, 2026
Howell Stephen Mitchell Jr.
COO, officer
Cluster 3
- Direction
- Acquired
- Shares
- 197,316
- Dollar value
- $0
- Date
- Jan 1, 2026
Howell Stephen Mitchell Jr.
COO, officer
Cluster 3
- Direction
- Acquired
- Shares
- 394,632
- Dollar value
- $0
- Date
- Jan 1, 2026
Jackman William Richard
CHIEF LEGAL OFFICER (CLO), officer
Cluster 3
- Direction
- Acquired
- Shares
- 197,316
- Dollar value
- $0
- Date
- Jan 1, 2026
Jackman William Richard
CHIEF LEGAL OFFICER (CLO), officer
Cluster 3
- Direction
- Acquired
- Shares
- 394,632
- Dollar value
- $0
- Date
- Jan 1, 2026
Yi Soo il Benjamin
EXECUTIVE CHAIRMAN, director, officer
Cluster 3
- Direction
- Acquired
- Shares
- 473,559
- Dollar value
- $0
- Date
- Jan 1, 2026
Yi Soo il Benjamin
EXECUTIVE CHAIRMAN, director, officer
Cluster 3
- Direction
- Acquired
- Shares
- 947,118
- Dollar value
- $0
- Date
- Jan 1, 2026
Werner Ryan D.
SVP, CAO, officer
Cluster 4
- Direction
- Disposed
- Shares
- 9,943
- Dollar value
- $125.98K
- Date
- Jan 1, 2026
Werner Ryan D.
SVP, CAO, officer
Cluster 3
- Direction
- Acquired
- Shares
- 118,388
- Dollar value
- $0
- Date
- Jan 1, 2026
Yee Colin M.
EVP, CFO, officer
Cluster 3
- Direction
- Acquired
- Shares
- 157,853
- Dollar value
- $0
- Date
- Jan 1, 2026
Institutional Ownership
This is a partial 13F manager view, not a full shareholder register. Concentration percentages describe the manager positions currently loaded in this table. The shares-outstanding percentage divides each manager's reported shares by the latest public share-count record when available.
Observed 13F managers8
Loaded filings
Largest loaded manager0.4%
Of loaded 13F shares
Top 10 loaded share—
Only 8 loaded
Top 25 loaded share—
Only 8 loaded
Rows with movement8
Position or value
Source: SEC 13F filings. 13F reports can arrive up to 45 days after quarter end and do not represent every shareholder. Position change is the reported share-count change versus the prior available filing. Value change is the reported market-value change and can move even when the share count is unchanged.
| Manager | Period | Shares | % Shares out. | Value | Movement |
|---|---|---|---|---|---|
| AQR Capital Management, LLCPosition and value moved | Mar 2026 | 2.56K | 0.00% | $31.67M | Position-120.13KValue-$1.52B |
| AQR Capital Management, LLCPosition and value moved | Mar 2026 | 163 | 0.00% | $2.02M | Position-122.53KValue-$1.55B |
| AQR Capital Management, LLCPosition and value moved | Mar 2026 | 1.81K | 0.00% | $22.38M | Position-120.89KValue-$1.53B |
| AQR Capital Management, LLCPosition and value moved | Mar 2026 | 8 | 0.00% | $99K | Position-122.69KValue-$1.55B |
| AQR Capital Management, LLCPosition and value moved | Mar 2026 | 3 | 0.00% | $37K | Position-122.69KValue-$1.55B |
| AQR Capital Management, LLCPosition and value moved | Mar 2026 | 628.48K | 0.18% | $7.77B | Position+505.79KValue+$6.21B |
| AQR Capital Management, LLCPosition and value moved | Mar 2026 | 266 | 0.00% | $3.29M | Position-122.43KValue-$1.55B |
| AQR Capital Management, LLCPosition and value moved | Mar 2026 | 494 | 0.00% | $6.11M | Position-122.2KValue-$1.55B |
AQR Capital Management, LLCPosition and value moved
Mar 2026
- Shares
- 2.56K
- % Shares out.
- 0.00%
- Value
- $31.67M
- Movement
- Position-120.13KValue-$1.52B
AQR Capital Management, LLCPosition and value moved
Mar 2026
- Shares
- 163
- % Shares out.
- 0.00%
- Value
- $2.02M
- Movement
- Position-122.53KValue-$1.55B
AQR Capital Management, LLCPosition and value moved
Mar 2026
- Shares
- 1.81K
- % Shares out.
- 0.00%
- Value
- $22.38M
- Movement
- Position-120.89KValue-$1.53B
AQR Capital Management, LLCPosition and value moved
Mar 2026
- Shares
- 8
- % Shares out.
- 0.00%
- Value
- $99K
- Movement
- Position-122.69KValue-$1.55B
AQR Capital Management, LLCPosition and value moved
Mar 2026
- Shares
- 3
- % Shares out.
- 0.00%
- Value
- $37K
- Movement
- Position-122.69KValue-$1.55B
AQR Capital Management, LLCPosition and value moved
Mar 2026
- Shares
- 628.48K
- % Shares out.
- 0.18%
- Value
- $7.77B
- Movement
- Position+505.79KValue+$6.21B
AQR Capital Management, LLCPosition and value moved
Mar 2026
- Shares
- 266
- % Shares out.
- 0.00%
- Value
- $3.29M
- Movement
- Position-122.43KValue-$1.55B
AQR Capital Management, LLCPosition and value moved
Mar 2026
- Shares
- 494
- % Shares out.
- 0.00%
- Value
- $6.11M
- Movement
- Position-122.2KValue-$1.55B
Crypto Context
Bitcoin mining operations
RIOT crypto exposure readout
Latest filing10-Q · Apr 30, 2026
Filed Bitcoin value$1.07BFiling reference: Mar 31, 2026
Filed BTC price$68,225 / BTCFiling reference: Mar 31, 2026
Installed hashrate49.2 EH/s10-Q filed Apr 29, 2026
BTC held4.3K BTC10-Q filed Apr 29, 2026
RIOT's crypto exposure should be read alongside its equity valuation, financing choices, dilution risk, taxes, and operating business.
Editorial Coverage
Peer Comparison
| Ticker | Category | Latest revenue | Filing Risk0-100 | BTC Exposure0-100 | Insider Signal0-100 | Event Momentum0-100 |
|---|---|---|---|---|---|---|
| $RIOTRiot Platforms | Bitcoin miner | 167.22M | 100 | 80 | 25 | 100 |
| $MARAMARA Holdings | Bitcoin miner | 174.61M | 100 | 80 | 30 | 100 |
| $CLSKCleanSpark | Bitcoin miner | 766.31M | 100 | 80 | 50 | 100 |
| $IRENIREN | Bitcoin miner | 501.02M | 100 | 80 | 50 | 100 |
| $HUTHUT | Bitcoin miner | 71.02M | 84 | 80 | 47 | 100 |
| $BITFBITF | Bitcoin miner | 36.99M | 100 | 80 | 100 | 100 |
| $WULFWULF | Bitcoin miner | 34.01M | 100 | 80 | 9 | 100 |
| $CORZCORZ | Bitcoin miner | 115.24M | 96 | 80 | 53 | 100 |
$RIOTRiot Platforms
Bitcoin miner
167.22M
- Filing Risk
- 100
- BTC Exposure
- 80
- Insider Signal
- 25
- Event Momentum
- 100
$MARAMARA Holdings
Bitcoin miner
174.61M
- Filing Risk
- 100
- BTC Exposure
- 80
- Insider Signal
- 30
- Event Momentum
- 100
$CLSKCleanSpark
Bitcoin miner
766.31M
- Filing Risk
- 100
- BTC Exposure
- 80
- Insider Signal
- 50
- Event Momentum
- 100
$IRENIREN
Bitcoin miner
501.02M
- Filing Risk
- 100
- BTC Exposure
- 80
- Insider Signal
- 50
- Event Momentum
- 100
$HUTHUT
Bitcoin miner
71.02M
- Filing Risk
- 84
- BTC Exposure
- 80
- Insider Signal
- 47
- Event Momentum
- 100
$BITFBITF
Bitcoin miner
36.99M
- Filing Risk
- 100
- BTC Exposure
- 80
- Insider Signal
- 100
- Event Momentum
- 100
$WULFWULF
Bitcoin miner
34.01M
- Filing Risk
- 100
- BTC Exposure
- 80
- Insider Signal
- 9
- Event Momentum
- 100
$CORZCORZ
Bitcoin miner
115.24M
- Filing Risk
- 96
- BTC Exposure
- 80
- Insider Signal
- 53
- Event Momentum
- 100
- Filing Risk
- Measures the intensity of SEC filing patterns.
- BTC Exposure
- Measures direct and operating exposure to bitcoin.
- Insider Signal
- Measures unusual Form 4 activity patterns.
- Event Momentum
- Measures recent material disclosure activity.
Scores run 0-100: higher means a stronger signal for that dimension, not a buy/sell rating. Market cap, YTD return, and P/E appear when quote history and share-count data are complete.