SCHEDULE: Goldman Sachs Discloses 1.2% Stake in Riot Platforms
Beneficial Ownership Report
The Goldman Sachs Group, Inc. and its subsidiary Goldman Sachs & Co. LLC reported a 1.2% beneficial ownership stake in Riot Platforms, Inc. common stock as of June 30, 2025.
Summary
- The Goldman Sachs Group, Inc. and Goldman Sachs & Co. LLC jointly filed an Amendment No. 1 to Schedule 13G regarding their beneficial ownership in Riot Platforms, Inc.
- As of June 30, 2025, the reporting persons beneficially owned an aggregate of 4,201,703.96 shares of Riot Platforms, Inc. Common Stock.
- This aggregate amount represents 1.2% of the class of securities.
- The reporting persons hold 0.00 shares with sole voting power and 0.00 shares with sole dispositive power.
- They hold 4,199,906.96 shares with shared voting power and 4,200,036.96 shares with shared dispositive power.
- The securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of the issuer.
Sentiment
Score: 5
Explanation: The filing is a factual disclosure of beneficial ownership and does not contain information that would indicate a positive or negative sentiment regarding the issuer's performance or outlook. It is a routine regulatory update.
Future Outlook
This filing is a disclosure of beneficial ownership and does not contain forward-looking statements or guidance regarding Riot Platforms, Inc.'s future performance or outlook.
Industry Context
This filing reflects a passive investment by a major financial institution, Goldman Sachs, in Riot Platforms, a company primarily involved in Bitcoin mining and blockchain technology. Such institutional holdings are common and represent portfolio management decisions rather than direct operational or strategic shifts within the cryptocurrency mining industry.
Stakeholder Impact
- Shareholders: Provides transparency regarding a significant institutional holder's passive stake in the company.
Key Dates
| Date | Description |
|---|---|
| July 29, 2024 | Previous Power of Attorney granted by The Goldman Sachs Group, Inc. to certain attorneys-in-fact. |
| October 1, 2024 | Previous Power of Attorney granted by Goldman Sachs & Co. LLC to certain attorneys-in-fact. |
| 06/30/2025 | Date of event which requires filing of this statement (beneficial ownership snapshot date). |
| July 16, 2025 | Current Power of Attorney signed by The Goldman Sachs Group, Inc. and Goldman Sachs & Co. LLC. |
| 07/17/2025 | Date of signing of the Schedule 13G Amendment No. 1. |
| July 16, 2026 | Expiration date of the current Power of Attorney. |
Keywords
Riot Platforms, RIOT, Goldman Sachs, GS, Schedule 13G, beneficial ownership, common stock, institutional investment, passive stake, blockchain, cryptocurrency mining
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