What does service — revenue mean?

This metric represents the total revenue generated from providing data center hosting, infrastructure support, and engineering services to third-party clients. It reflects the company's ability to monetize its specialized mining infrastructure and operational expertise beyond its own proprietary mining activities. This revenue stream is critical for assessing the company's diversification and its ability to generate stable cash flows independent of Bitcoin price volatility.

Riot Platforms, Inc. RIOT Service — Revenue

Discontinued — last reported Q1 '21

Similar metrics at other companies

MARAHosting Services — Total revenues from contracts with customers

$1.09M-5.7%

ONDSService Revenue — Revenue

$9.32M+1,052%

SEBService — Revenue

$459M+7.5%

SEIService revenue — Revenue

$90.8M+4.1%

ACIWServices — Revenue

$24.83M+2.0%

CSCOService — Revenue

$3.72B-1.4%

Other financials

Income statement

See full

Revenue$167.2M+3.6%

Operating income-$499.9M-114%

Net income-$500.5M-68.9%

EPS (diluted)-$1.44-60.0%

Balance sheet

See full

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

See full

Operating cash flow-$182.7M-49.6%

CapEx$115.5M+251%

Free cash flow-$298.1M-92.4%

Valuation

See full

Market cap$10.63B+87.9%

Enterprise value$11.3B+81.7%

P/S16.3×+3.9×

Profitability

See full

Gross margin62.4%—

Operating margin-136%-835pp

Net margin-132.8%+148pp

FCF margin-140.4%+36.0pp

Returns & leverage

See full

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 us-gaap:Revenues.

The official record: Riot Platforms, Inc.’s 10-Q, filed May 17, 2021, on SEC EDGAR. View the filing →

Questions, answered.

What does service — revenue mean?: This metric represents the total revenue generated from providing data center hosting, infrastructure support, and engineering services to third-party clients. It reflects the company's ability to monetize its specialized mining infrastructure and operational expertise beyond its own proprietary mining activities. This revenue stream is critical for assessing the company's diversification and its ability to generate stable cash flows independent of Bitcoin price volatility.