Riot Blockchain auditor cites 'material weaknesses' in internal control over financial reporting [CNBC]
Riot Platforms, Inc. (RIOT)
Last riot platforms, inc. earnings: 8/8 04:30 pm
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US:NASDAQ Investor Relations:
ir.riotblockchain.com
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Source: CNBC
Riot Blockchain flagged by auditor for 'material weaknesses' in financial reports Getty Images Riot Blockchain The annual report filed with the Securities and Exchange Commission shows a company in the red. The company says it currently has just over $225,000 in cash compared to more than $41.6 million at year end 2017. Riot "generated approximately $7.7 million in revenue on the production of 1,081 Bitcoins … and 3,023 Litecoins for the year," according to a news release The auditor report, contained in the 10K filing, said Riot "has not maintained effective internal control over financial reporting as of December 31, 2018." The weaknesses could have had a material adverse impact on the company's operations and could result in material misstatements to the financial reports, according to the annual report. However, the issues did not affect the financial statements in the just filed annual report, according to Marcum, Riot's auditor, in their audit report. The company had problems wi
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News
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- Riot Announces February 2024 Production and Operations UpdatesGlobeNewswire
- Riot Purchases 31,500 Miners From MicroBT to Enhance and Expand Self-Mining Operations at Its Rockdale FacilityGlobeNewswire
RIOT
Earnings
- 11/7/23 - Beat
RIOT
Sec Filings
- 4/16/24 - Form PRE
- 3/19/24 - Form 4
- 3/1/24 - Form 4
- RIOT's page on the SEC website