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Riot Platforms, Inc. RIOT Coinmint Facility — Deposits On Equipment

Discontinued — last reported Q4 '21

Similar metrics at other companies

Cipher Digital, Inc.
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CIFRDeposits on equipment
$10.96M-71.8%
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$3.94M-85.8%
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AAOIIncrease Decrease In Deposits And Prepaid For Equipment Related To Property And Equipment Additions
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IRENMining Hardware Finance Prepayments Made Directly By Third Party Financier
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Core Scientific, Inc. logo
CORZDigital asset mining income — Property, plant and equipment, net
$119.8M
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UIVendor deposits
$49.28M-22.6%

Other financials

Income statement

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Revenue$167.2M+3.6%
Operating income-$499.9M-114%
Net income-$500.5M-68.9%
EPS (diluted)-$1.44-60.0%

Balance sheet

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Cash & equivalents$205.7M+25.6%
Total debt$877.2M+41.8%
Total equity$2.4B-18.7%
Total assets$3.4B-7.6%

Cash flow

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Operating cash flow-$182.7M-49.6%
CapEx$115.5M+251%
Free cash flow-$298.1M-92.4%

Valuation

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Market cap$10.63B+87.9%
Enterprise value$11.3B+81.7%
P/S16.3×+3.9×

Profitability

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Gross margin62.4%
Operating margin-136%-835pp
Net margin-132.8%+148pp
FCF margin-140.4%+36.0pp

Returns & leverage

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Return on equity-32.5%-189pp
Debt / equity0.4×+0.2×
Current ratio1.1×-2.1×

Where this comes from

Reported directly by Riot Platforms, Inc. in its filing.

Tagged under the XBRL concept riot:DepositsOnEquipment.

The official record: Riot Platforms, Inc.’s 10-K/A, filed November 23, 2022, on SEC EDGAR. View the filing →

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Questions, answered.

What is Riot Platforms, Inc.'s coinmint facility — deposits on equipment?
Riot Platforms, Inc. (RIOT) reported coinmint facility — deposits on equipment of $171.6M in Q4 2021.
What does coinmint facility — deposits on equipment mean?
The amount of money paid in advance to suppliers for mining equipment that has not yet been delivered to the facility.
How do you interpret coinmint facility — deposits on equipment?
An increase indicates active investment in future mining capacity, while a decrease suggests a slowdown in procurement or the conversion of deposits into operational assets.
How does coinmint facility — deposits on equipment compare across companies?
Peers in the Bitcoin mining industry report similar figures as 'deposits on equipment' or 'prepaid capital expenditures' to track their hardware acquisition cycles.