Riot Platforms, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Leases (Tables)

Leases (Tables)

12 Months Ended

Dec. 31, 2022

Leases [Abstract]

Schedule of Lease Expense


		Years Ended December 31,
		2022			2021			2020
Operating lease cost		$	3,193		$	678		$	1,240
Variable lease cost			182			51			1,040
Operating lease expense			3,375			729			2,280
Short-term lease rent expense			—			19			20
Total lease expense		$	3,375		$	748		$	2,300

Schedule of Other Information


		Years Ended December 31,
		2022			2021			2020
Operating cash outflows for operating leases		$	2,789		$	435		$	1,207
Right of use assets exchanged for new operating lease liabilities		$	10,333		$	13,622		$	—
Weighted-average remaining lease term – operating leases			8.5			8.6			—
Weighted-average discount rate – operating leases			6.6	%		5.8	%		—	%

Schedule of Future Minimum Operating Lease Payments

The following table represents our future minimum operating lease payments as of December 31, 2022:


		Ground lease			Office and other leases			Total
2023		$	1,939		$	1,487		$	3,426
2024			1,998			1,495			3,493
2025			2,058			1,182			3,240
2026			2,119			1,107			3,226
2027			2,183			1,134			3,317
Thereafter			9,618			3,222			12,840
Total undiscounted lease payments			19,915			9,627			29,542
Less present value discount			(5,720)			(1,571)			(7,291)
Present value of lease liabilities		$	14,195		$	8,056		$	22,251