Riot Reports Full Year 2022 Financial Results, Current Operational and Financial Highlights

Riot Reports Full Year 2022 Financial Results, Current Operational and Financial HighlightsRiot Reports Record Results, with $259.2 Million in Total Revenue, 5,554 Bitcoin Produced, and Record Hash Rate Capacity of 9.7 EH/sCASTLE ROCK, Colo., March 02, 2023 (GLOBE NEWSWIRE) -- Riot Platforms, Inc. (NASDAQ: RIOT) (“Riot” or “the Company”), an industry leader in Bitcoin (“BTC”) mining and data center hosting, reported today financial results for the full year ended December 31, 2022. Bitcoin Mining revenue of $156.9 million, as compared to $184.4 million during the same twelve-month period in 2021. Fiscal Year 2022 Financial ResultsTotal revenue for the year ended December 31, 2022 was $259.2 million, and consisted of $156.9 million in Bitcoin Mining revenue, $36.9 million in Data Center Hosting revenue, $65.3 million in Engineering revenue, and $0.1 million in Other revenue. Riot is a Bitcoin mining and digital infrastructure company focused on a vertically integrated strategy. The Company has Bitcoin mining data center operations in central Texas, Bitcoin mining operations in central Texas, and electrical switchgear engineering and fabrication operations in Denver, Colorado.