Riot Platforms, Inc. Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

6 Months Ended

Jun. 30, 2021

The components of lease expense for the three and six months ended June 30, 2021 and 2020 were as follows (in thousands):

⁽¹⁾	Amounts primarily include common area maintenance and utility charges not included in the measurement of right of use assets and operating lease liabilities.

Other Information

Operating cash flows from operating leases	$	140
Right of use assets exchanged for new operating lease liabilities	$	8,387
Weighted-average remaining lease term – operating leases		7.2
Weighted-average discount rate – operating leases		7.5	%

The following table represents our future minimum operating lease payments as of, and subsequent to, June 30, 2021 under ASC 842 (in thousands):

	Ground lease			Office and other leases			Total
2021 (excluding the six months ended June 30, 2021)	$	533		$	444		$	977
2022		942			773			1,715
2023		970			775			1,745
2024		999			147			1,146
2025		1,029			-			1,029
Thereafter		4,433			-			4,433
Total undiscounted lease payments		8,906			2,139			11,045
Less present value discount		(2,480	)		(265	)		(2,745	)
Present value of lease liabilities	$	6,426		$	1,874		$	8,300