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

Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

Leases (Tables)

3 Months Ended

Mar. 31, 2023

Leases [Abstract]

Schedule of lease expense


		Three Months Ended
		March 31,
		2023			2022
Operating lease cost		$	903		$	622
Variable lease cost			55			45
Operating lease expense		$	958		$	667

Schedule of other information


		Three Months Ended
		March 31,
		2023				2022
Operating cash outflows for operating leases		$	874			$	—
Right of use assets exchanged for new operating lease liabilities		$	682			$	8,784
Weighted-average remaining lease term – operating leases			8.2				6.9
Weighted-average discount rate – operating leases			6.6	%			6.5	%

Schedule of future minimum operating lease payments


		Ground lease			Office and other leases			Total
Remainder of 2023		$	1,455		$	1,622		$	3,077
2024			1,998			1,661			3,659
2025			2,058			1,347			3,405
2026			2,119			1,273			3,392
2027			2,183			1,148			3,331
Thereafter			9,618			3,227			12,845
Total undiscounted lease payments			19,431			10,278			29,709
Less present value discount			(5,720)			(1,669)			(7,389)
Present value of lease liabilities		$	13,711		$	8,609		$	22,320