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)

6 Months Ended

Jun. 30, 2023

Leases [Abstract]

Schedule of lease expense


		Three Months Ended						Six Months Ended
		June 30,						June 30,
		2023			2022			2023			2022
Operating lease cost		$	951		$	803		$	1,855		$	1,425
Variable lease cost			49			31			104			76
Operating lease expense			1,000			834		$	1,959		$	1,501

Schedule of other information


		Three Months Ended						Six Months Ended
		June 30,						June 30,
		2023			2022			2023				2022
Operating cash outflows for operating leases		$	920		$	719		$	1,794			$	719
Right of use assets exchanged for new operating lease liabilities		$	—		$	—		$	682			$	8,784
Weighted-average remaining lease term – operating leases			7.9			9.3			7.9				9.3
Weighted-average discount rate – operating leases			6.6	%		6.5	%		6.6	%			6.5	%

Schedule of future minimum operating lease payments


		Ground lease			Office and other leases			Total
Remainder of 2023		$	970		$	862		$	1,832
2024			1,998			1,701			3,699
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			18,946			9,558			28,504
Less present value discount			(5,719)			(932)			(6,651)
Present value of lease liabilities		$	13,227		$	8,626		$	21,853