Riot Platforms, Inc. (RIOT) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

Medium Risk
Moderate dilution risk
Last updated: April 30, 2026

Risk Assessment Details

Potential Dilution: 0.0% of current shares
Recent Dilution: 43.02% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
350M
Potential Supply
0
Additional shares possible
Splits
None
Past 2 years

Summary

RIOT currently has 348M outstanding shares. with minimal authorized share overhang for future dilution. The company has significantly diluted shareholders by 43.02% over the past 2 years, indicating aggressive capital raising.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
Apr 30, 2026

10-Q filing | 347.6M shares outstanding

350M 0
Oct 30, 2025

10-Q filing | 347.1M shares outstanding

350M 0
Jul 31, 2025

10-Q filing | 382.7M shares outstanding

380M 0
May 01, 2025

10-Q filing | 329.5M shares outstanding

330M 0
May 01, 2025

8-K filing: Riot Platforms, Inc., through its subsidiary Whinstone US, Inc., acquired tangible and intangible property from Rhodium Encore LLC for $185.0 million, including approximately $129.9 million in cash, $6.1 million return of Rhodium's power security deposit, and 6,989,800 shares of Riot's common stock worth approximately $49.0 million. ($49.0M proceeds)

320M 0
Apr 24, 2025

8-K filing: Riot Platforms, Inc. registered the resale of up to 8,200,000 shares of its common stock by Rhodium 2.0 LLC, issued as consideration for the acquisition of specific assets of Rhodium Encore LLC.

320M 0
Feb 28, 2025

10-K filing | 318.9M shares outstanding

320M 0
Dec 20, 2024

8-K filing: Riot Platforms, Inc. registered the resale of up to 180,000 shares of its common stock by XMS Capital Partners, LLC, who received the shares in 2019 and transferred in December 2024, for strategic, financing, and mergers and acquisitions-related activities.

320M 0
Nov 04, 2024

10-Q filing | 324.3M shares outstanding

320M 0
Jul 31, 2024

10-Q filing | 264.6M shares outstanding

260M 0
Jul 23, 2024

8-K filing: Riot Platforms, Inc. completed a transaction to acquire Block Mining, Inc. for an aggregate purchase price of $92.5 million, consisting of approximately $18.5 million in cash and 7,240,623 shares of Riot's common stock at $10.22 per share. ($74.01M proceeds)

260M 0
May 01, 2024

10-Q filing | 262.4M shares outstanding

260M 0
Feb 23, 2024

10-K filing | 230.8M shares outstanding

230M 0
Nov 08, 2023

10-Q filing | 181.0M shares outstanding

180M 0
Aug 09, 2023

10-Q filing | 167.3M shares outstanding

170M 0
Jun 01, 2023

8-K filing: Riot Platforms, Inc. filed a prospectus supplement to register the resale of up to 70,165 shares of its common stock by the former owners of ESS Metron, LLC, originally issued in connection with the Company's acquisition of ESS Metron on December 1, 2021.

170M 0
May 10, 2023

10-Q filing | 167.3M shares outstanding

170M 0
Mar 02, 2023

10-K filing | 167.8M shares outstanding

170M 0
Nov 07, 2022

10-Q filing | 153.9M shares outstanding

150M 0
Aug 15, 2022

10-Q filing | 154.5M shares outstanding

150M 0
May 10, 2022

10-Q filing | 117.0M shares outstanding

120M 0
Mar 16, 2022

10-K filing | 117.3M shares outstanding

120M 0
Dec 01, 2021

8-K filing: Riot Blockchain acquired ESS Metron and issued 645,248 shares of common stock to the sellers as part of the acquisition consideration, with an additional 70,165 shares to be issued after 18 months, subject to indemnification obligations.

120M 0
Dec 01, 2021

8-K filing: Riot Blockchain, Inc. filed a prospectus supplement to register the resale of up to 645,248 shares of Riot's common stock by the former owners of Ferrie Franzmann Industries, LLC (d/b/a ESS Metron) related to the acquisition of ESS Metron.

120M 0
Nov 15, 2021

10-Q filing | 115.9M shares outstanding

120M 0
Aug 23, 2021

10-Q filing | 89.2M shares outstanding

89M 20M
Jun 08, 2021

8-K filing: Riot Blockchain, Inc. sold 2.2 million common shares in Coinsquare Ltd. to Mogo Inc. for approximately CAD$22 million, paid through the issuance of approximately 2.3 million shares of Mogo's common stock. ($22.0M proceeds)

84M 26M
May 26, 2021

8-K filing: On May 26, 2021, Riot issued 11,800,000 shares of Common Stock to Northern Data as consideration for the Acquisition.

84M 26M
May 17, 2021

10-Q filing | 83.7M shares outstanding

84M 26M
Apr 09, 2021

8-K filing: Riot Blockchain, Inc. entered into a Stock Purchase Agreement with Northern Data AG and Whinstone US, Inc. to acquire all equity interests of Whinstone. Riot will pay $80,000,000 in cash and issue 11,800,000 shares of common stock to the Seller as consideration for the acquisition of Whinstone.

84M 25M
Mar 31, 2021

10-K filing | 84.1M shares outstanding

84M 25M
Mar 17, 2021

8-K filing: Riot Blockchain, Inc. entered into a purchase agreement with Bitmain Technologies Limited for 1,500 Antminer S19j Pro digital currency miners for approximately $7.2 million, with delivery by October 31, 2021. ($7.2M proceeds)

51M 58M
Dec 04, 2020

S-3 filing: Riot Blockchain, Inc. files an S-3 form to offer common stock, preferred stock, warrants, and units for an aggregate initial offering price of up to $200,000,000.

51M 58M
Nov 09, 2020

10-Q filing | 50.9M shares outstanding

51M 35M
Oct 07, 2020

S-3 filing: Riot Blockchain, Inc. may offer common stock, preferred stock, warrants, units, or a combination of these securities for an aggregate initial offering price of up to $100,000,000.

37M 49M
Aug 27, 2020

8-K filing: Riot Blockchain, Inc. entered into an agreement with Bitmaintech PTE, LTD for the purchase of 5,100 Antminer S19 Pro digital currency miners for approximately $11.2 million, and amended a previous agreement to reduce the purchase price for 8,000 S19 Pro Miners by approximately $200,000 to approximately $17.5 million. ($11.2M proceeds)

47M 0
Aug 18, 2020

8-K filing: Riot Blockchain, Inc. entered into a sale and purchase agreement with Bitmaintech PTE, LTD for the purchase of 8,000 Antminer S19 Pro digital currency miners for approximately $17.7 million. ($17.7M proceeds)

47M 0
Aug 10, 2020

10-Q filing | 47.4M shares outstanding

47M 0
May 12, 2020

8-K filing: Riot Blockchain, Inc. entered into a sale and purchase agreement with Bitmaintech PTE, LTD to purchase 1,040 additional Antminer S19 Pro digital currency miners for approximately $1.94 million. ($1.94M proceeds)

31M 0
May 08, 2020

10-Q filing | 31.0M shares outstanding

31M 0
Mar 25, 2020

10-K filing | 14.5M shares outstanding

15M 0
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