Riot reports $259 million in revenue for 2022.

For 2022, Riot Platforms’ mining revenue amounted to $259.2 million. This is stated in the пресс-релизе.

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During the reporting period, the Bitcoin miner mined 5,554 BTC — up 46% from 2021. Chief Executive Jason Les also reported a tripling of the hash rate, which reached 9.7 EH/s.

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“Riot’s industry-leading financial resilience gives us an edge in pursuing aggressive growth plans in 2023 and beyond,” he added.

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Les noted that Bitcoin mining revenue fell sharply in 2022 due to the asset’s price decline.

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Riot also filed a отдельный документ with the U.S. Securities and Exchange Commission, according to which there are accounting errors in the 2020 and 2021 financial statements. The company pledged to issue corrected versions within 15 days.

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The company’s securities barely reacted to the report (+0.65% for the day).

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In January 2023, Riot sold 700 BTC for about $13.7 million.