As part of its annual report’s risk disclosures section, Riot Platforms said it expects to continue paying “higher than usual” costs for ASIC miners until the chip crisis is resolved.
Bitcoin (BTC) miner Riot Platforms said that an ongoing chip shortage, the constant need to grow the hash rate and a deepening pro-climate agenda in the United States could potentially impact its balance sheet, according to its latest annual report.
Riot, one of the many Bitcoin mining firms preparing for the upcoming halving event, highlighted more than 13 key risks specifically to its future Bitcoin mining profitability in its Feb. 23 annual 10-K filing, which includes a section on risk factor disclosures.
One of the risk factors that Riot highlighted was the ongoing worldwide chip crisis because very few manufacturers can make the “highly specialized” ASIC chips it relies on.
