Consolidated Statements of Operations - USD ($) $ in Thousands |
3 Months Ended | 6 Months Ended | 9 Months Ended | 12 Months Ended | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sep. 30, 2022 |
Jun. 30, 2022 |
Mar. 31, 2022 |
Sep. 30, 2021 |
Jun. 30, 2021 |
Mar. 31, 2021 |
Jun. 30, 2022 |
Jun. 30, 2021 |
Sep. 30, 2022 |
Sep. 30, 2021 |
Dec. 31, 2022 |
Dec. 31, 2021 |
Dec. 31, 2020 |
|
| Revenue: | |||||||||||||
| Total revenue | $ 46,290 | $ 72,947 | $ 79,787 | $ 64,808 | $ 34,348 | $ 23,197 | $ 152,734 | $ 57,545 | $ 199,024 | $ 122,353 | $ 259,171 | $ 213,243 | $ 12,081 |
| Costs and expenses: | |||||||||||||
| Acquisition-related costs | 552 | 17,032 | 78 | 18,342 | 78 | 18,894 | 78 | 21,198 | |||||
| Selling, general and administrative | 16,004 | 10,713 | 10,910 | 40,307 | 3,512 | 5,462 | 21,545 | 7,664 | 37,549 | 47,971 | 67,452 | 87,429 | 10,251 |
| Depreciation and amortization | 26,559 | 20,562 | 14,245 | 12,207 | 5,738 | 2,846 | 34,807 | 8,584 | 61,366 | 20,791 | 107,950 | 26,324 | 4,494 |
| Change in fair value of derivative asset | 17,749 | (60,931) | (46,235) | (7,413) | (16,393) | (104,614) | (16,393) | (86,865) | (23,806) | (71,418) | (12,112) | ||
| Power curtailment credits | (13,070) | (5,706) | (2,507) | (1,143) | (8,258) | (1,143) | (21,328) | (3,650) | (27,345) | (6,514) | |||
| Change in fair value of contingent consideration | 176 | 259 | 185 | 176 | 185 | 176 | 444 | (159) | 975 | ||||
| Realized gain on sale/exchange of Bitcoin | (3,109) | (15,260) | (9,665) | (65) | (29) | (24,925) | (29) | (28,034) | (94) | (30,346) | (253) | (6,350) | |
| Gain on exchange of equipment | (7,667) | (8,614) | (8,614) | (16,281) | (16,281) | (29) | |||||||
| Casualty-related charges (recoveries), net | 9,688 | ||||||||||||
| Impairment of Bitcoin | 3,021 | 101,419 | 25,870 | 6,692 | 17,835 | 2,374 | 127,289 | 20,209 | 130,310 | 26,901 | 147,365 | 43,973 | 3,595 |
| Impairment of goodwill | 335,648 | 335,648 | 335,648 | 335,648 | |||||||||
| Impairment of miners | 55,544 | ||||||||||||
| Impairment of long-term investment | 9,413 | ||||||||||||
| Total costs and expenses | 82,167 | 426,185 | 40,929 | 75,647 | 39,798 | 18,216 | 467,114 | 58,014 | 549,281 | 133,661 | 771,872 | 243,113 | 27,625 |
| Operating income (loss) | (35,877) | (353,238) | 38,858 | (10,839) | (5,450) | 4,981 | (314,380) | (469) | (350,257) | (11,308) | (512,701) | (29,870) | (15,544) |
| Other income (expense): | |||||||||||||
| Reversal of registration rights penalty | 1,358 | ||||||||||||
| Interest income (expense) | 348 | (357) | 40 | 80 | 175 | (357) | 255 | (9) | 295 | 454 | (296) | 85 | |
| Realized loss on sale of marketable equity securities | (1,624) | (1,624) | (1,624) | (8,996) | |||||||||
| Realized gain on sale/exchange of long-term investment | 26,260 | 26,260 | 26,260 | 26,260 | |||||||||
| Unrealized loss on marketable equity securities | 142 | (4,837) | (1,611) | (11,151) | 339 | (6,448) | 339 | (6,306) | (10,812) | (13,655) | |||
| Other income (expense) | (59) | (85) | 1,510 | (59) | 1,510 | (59) | 1,425 | (59) | 2,378 | (6) | |||
| Total other income (expense) | 490 | (6,520) | (1,968) | (11,196) | 28,189 | (8,488) | 28,364 | (7,998) | 17,168 | (8,601) | 14,687 | 1,437 | |
| Net income (loss) before taxes | (35,387) | (359,758) | 36,890 | (22,035) | 22,739 | 5,156 | (322,868) | 27,895 | (358,255) | 5,860 | (521,302) | (15,183) | (14,107) |
| Current income tax benefit (expense) | (89) | (427) | (312) | (739) | (828) | (789) | (254) | ||||||
| Deferred income tax benefit (expense) | 3,041 | 6,626 | (3,730) | 6,626 | (3,730) | 9,667 | (3,730) | 12,538 | |||||
| Total income tax benefit (expense) | 2,952 | 6,199 | (312) | (3,730) | 5,887 | (3,730) | 8,839 | (3,730) | 11,749 | (254) | |||
| Net income (loss) | 36,578 | 5,156 | (316,981) | 24,165 | (349,640) | 2,130 | (509,553) | (15,437) | (14,107) | ||||
| Net (income) loss attributable to non-controlling interest | (7) | ||||||||||||
| Net income (loss) attributable to Riot Platforms, Inc. | $ (32,435) | $ (353,559) | $ 36,578 | $ (22,035) | $ 19,009 | $ 5,156 | $ (316,981) | $ 24,165 | $ (349,416) | $ 2,130 | $ (509,553) | $ (15,437) | $ (14,114) |
| Basic net income (loss) per share (in Dollars per share) | $ (0.21) | $ (2.71) | $ 0.31 | $ (0.23) | $ 0.21 | $ 0.06 | $ (2.56) | $ 0.28 | $ (2.61) | $ 0.02 | $ (3.65) | $ (0.17) | $ (0.34) |
| Diluted net income (loss) per share (in Dollars per share) | $ (0.21) | $ (2.71) | $ 0.31 | $ (0.23) | $ 0.21 | $ 0.06 | $ (2.56) | $ 0.28 | $ (2.61) | $ 0.02 | $ (3.66) | $ (0.17) | $ (0.33) |
| Basic weighted average number of shares outstanding (in Shares) | 153,895,123 | 130,405,502 | 117,042,347 | 96,064,036 | 88,681,338 | 83,163,400 | 123,760,839 | 85,937,612 | 133,894,338 | 89,350,180 | 139,433,901 | 93,452,764 | 41,976,704 |
| Diluted weighted average number of shares outstanding (in Shares) | 153,895,123 | 130,405,502 | 117,042,347 | 96,064,036 | 89,241,044 | 83,712,151 | 123,760,839 | 86,501,471 | 133,894,338 | 89,896,374 | 139,433,901 | 93,452,764 | 41,976,704 |
| Bitcoin Mining | |||||||||||||
| Revenue: | |||||||||||||
| Total revenue | $ 22,070 | $ 46,151 | $ 57,945 | $ 53,590 | $ 31,450 | $ 23,173 | $ 104,096 | $ 54,623 | $ 126,166 | $ 108,213 | $ 156,870 | $ 184,422 | $ 11,984 |
| Costs and expenses: | |||||||||||||
| Cost of revenues | 14,677 | 17,995 | 19,094 | 13,034 | 9,325 | 7,534 | 37,089 | 16,859 | 51,766 | 29,893 | 74,335 | 45,513 | 6,251 |
| Data Center Hosting | |||||||||||||
| Revenue: | |||||||||||||
| Total revenue | 8,371 | 9,834 | 9,694 | 11,193 | 2,874 | 19,528 | 2,874 | 27,899 | 14,067 | 36,862 | 24,546 | ||
| Costs and expenses: | |||||||||||||
| Cost of revenues | 14,223 | 15,184 | 14,985 | 12,581 | 3,736 | 30,169 | 3,736 | 44,392 | 16,317 | 61,906 | 32,998 | ||
| Engineering | |||||||||||||
| Revenue: | |||||||||||||
| Total revenue | 15,824 | 16,938 | 12,124 | 29,062 | 44,886 | 65,342 | 4,178 | ||||||
| Costs and expenses: | |||||||||||||
| Cost of revenues | 13,780 | 15,175 | 11,549 | 26,724 | 40,504 | 57,455 | 3,582 | ||||||
| Other revenue | |||||||||||||
| Revenue: | |||||||||||||
| Total revenue | $ 25 | $ 24 | $ 24 | $ 25 | $ 24 | $ 24 | $ 48 | $ 48 | $ 73 | $ 73 | $ 97 | $ 97 | $ 97 |
| X | ||||||||||
- Definition The amount of casualty-related charges (recoveries), net. No definition available.
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| X | ||||||||||
- Definition Change in fair value of contingent consideration. No definition available.
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| X | ||||||||||
- Definition Change in fair value of derivative asset. No definition available.
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| X | ||||||||||
- Definition Impairment of cryptocurrencies. No definition available.
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| X | ||||||||||
- Definition The amount of impairment of miners and mining equipment. No definition available.
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- Definition Interest and other income expense No definition available.
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- Definition Power Curtailment Credits. No definition available.
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- Definition Reversal of registration rights penalty. No definition available.
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- Definition Selling General And Administrative Expenses No definition available.
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- Definition Amount of write-down of assets recognized in the income statement. Includes, but is not limited to, losses from tangible assets, intangible assets and goodwill. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition This element represents acquisition-related costs incurred to effect a business combination which costs have been expensed during the period. Such costs include finder's fees; advisory, legal, accounting, valuation, and other professional or consulting fees; general administrative costs, including the costs of maintaining an internal acquisitions department; and may include costs of registering and issuing debt and equity securities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The aggregate cost of goods produced and sold and services rendered during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Total costs of sales and operating expenses for the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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| X | ||||||||||
- Definition Amount of current income tax expense (benefit) pertaining to taxable income (loss) from continuing operations. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Amount of deferred income tax expense (benefit) pertaining to income (loss) from continuing operations. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition The current period expense charged against earnings on long-lived, physical assets not used in production, and which are not intended for resale, to allocate or recognize the cost of such assets over their useful lives; or to record the reduction in book value of an intangible asset over the benefit period of such asset; or to reflect consumption during the period of an asset that is not used in production. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of gain (loss) on sale or disposal of intangible assets. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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| X | ||||||||||
- Definition The net realized gain (loss) on investments sold during the period, not including gains (losses) on securities separately or otherwise categorized as trading, available-for-sale, or held-to-maturity, which, for cash flow reporting, is a component of proceeds from investing activities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Amount of gain (loss) on sale or disposal of property, plant and equipment assets, including oil and gas property and timber property. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Amount of loss from the write-down of an asset representing the future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition Amount of income (loss) from continuing operations, nonoperating income (expense) and income (loss) from equity method investments, before deduction of income tax expense (benefit) and income (loss) attributable to noncontrolling interest, and addition of interest income (expense). No definition available.
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| X | ||||||||||
- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of realized gain (loss) on investment in marketable security, including other-than-temporary impairment (OTTI). No definition available.
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| X | ||||||||||
- Definition Amount of unrealized gain (loss) on investment in marketable security. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of Net Income (Loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- References No definition available.
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- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The net amount of other operating income and expenses, the components of which are not separately disclosed on the income statement, from items that are associated with the entity's normal revenue producing operations. No definition available.
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- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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