# EDGAR Filing Document

**Accession Number:** 0001167419
**File Stem:** 0001104659-26-078316
**Filing Date:** 2026-6
**Character Count:** 41840
**Document Hash:** 3ee2c5094e85fd8e37db9519bdcb428c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-26-078316.hdr.sgml**: 20260626

**ACCESSION NUMBER**: 0001104659-26-078316

**CONFORMED SUBMISSION TYPE**: S-8

**PUBLIC DOCUMENT COUNT**: 16

**FILED AS OF DATE**: 20260626

**EFFECTIVENESS DATE**: 20260626

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Riot Platforms, Inc.
- **CENTRAL INDEX KEY:** 0001167419
- **STANDARD INDUSTRIAL CLASSIFICATION:** FINANCE SERVICES [6199]
- **ORGANIZATION NAME:** 09 Crypto Assets
- **EIN:** 841553387
- **STATE OF INCORPORATION:** NV
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** S-8
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-297080
- **FILM NUMBER:** 261130249

**BUSINESS ADDRESS:**
- **STREET 1:** 85 RIO GRANDE DRIVE, SUITE 200
- **CITY:** CASTLE ROCK
- **STATE:** CO
- **ZIP:** 80104
- **BUSINESS PHONE:** 303-794-2000

**MAIL ADDRESS:**
- **STREET 1:** 85 RIO GRANDE DRIVE, SUITE 200
- **CITY:** CASTLE ROCK
- **STATE:** CO
- **ZIP:** 80104

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Riot Blockchain, Inc.
- **DATE OF NAME CHANGE:** 20171004

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Bioptix, Inc.
- **DATE OF NAME CHANGE:** 20161201

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Venaxis, Inc.
- **DATE OF NAME CHANGE:** 20121218

**As filed with the U.S. Securities and Exchange Commission on June 26, 2026.**

**Registration No. 333-&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**

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**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM S-8**

**REGISTRATION STATEMENT**

***UNDER***

***THE SECURITIES ACT OF 1933***

**RIOT PLATFORMS, INC.**

(Exact name of registrant, as specified in its charter)

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| | |
|:---|:---|
| **Nevada** | **84-1553387** |
| (State or other jurisdiction of incorporation or organization) | (I.R.S. Employer Identification No.) |

---

---

| | |
|:---|:---|
| **85 Rio Grande, Suite 200, Castle Rock, CO** | **80104** |
| (Address of principal executive offices) | (Zip Code) |

---

**2019 Equity Incentive Plan, as amended**

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(Full title of the plan)

**William Jackman**

**Chief Legal Officer and Corporate Secretary**

**85 Rio Grande, Suite 200, Castle Rock, CO 80104**

------

(Name and address of agent for service)

**(303) 794-2000**

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(Telephone number, including area code, of agent for service)

***With copy to:***

**Scott Y. MacTaggart**

**Womble Bond Dickinson (US) LLP**

**3993 Howard Hughes Parkway, Suite 600**

**Las Vegas, NV 89169**

**Phone: (702) 474-2610**

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer", "smaller reporting company" and "emerging growth company" in Rule 12b-2 of the Exchange Act.

Large accelerated filer ☒ Accelerated filer ☐ <br> Non-accelerated filer ☐ Smaller reporting company ☐ <br> Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of the Securities Act. ☐

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#### EXPLANATORY NOTE
This Registration Statement on Form S-8 (this "Registration Statement") is filed by Riot Platforms, Inc., a Nevada corporation (the "Company"), for the purpose of registering 15,000,000 additional shares of the Company's common stock, no par value per share ("Common Stock"), under the Company's 2019 Equity Incentive Plan, as amended (the "2019 Equity Plan"). On June 9, 2026, at the Company's annual general meeting of stockholders, the Company's stockholders approved an amendment to the 2019 Equity Plan to increase the number of shares of Common Stock authorized for issuance thereunder by 15,000,000 shares (the "Seventh Amendment").

Including the 15,000,000 additional shares of Common Stock covered by the Seventh Amendment, an aggregate total of 68,500,000 shares of Common Stock have been reserved for issuance under the 2019 Equity Plan.

Pursuant to General Instruction E to Form S-8, the Company incorporates by reference the contents of the Company's prior registration statements on Form S-8 filed with the U.S. Securities and Exchange Commission (the "SEC"): (i) on December 5, 2019 [(File No. 333-235355)](https://www.sec.gov/Archives/edgar/data/1167419/000107997319000627/riot_s8-120419.htm) to register up to 3,930,603 shares of Common Stock (including the 3,600,000 shares of Common Stock originally reserved for issuance pursuant to the 2019 Equity Plan, and 330,603 shares of Common Stock originally reserved for issuance under the Registrant's former equity incentive plan which remained outstanding as of the adoption of the 2019 Equity Plan); (ii) on November 15, 2021 [(File No. 333-261086)](https://www.sec.gov/Archives/edgar/data/1167419/000107997321001159/riot_s8-111521.htm) to register up to 7,900,000 shares of Common Stock reserved for issuance pursuant to the First Amendment and Second Amendment to the 2019 Equity Plan; (iii) on September 23, 2022 [(File No. 333-267567)](https://www.sec.gov/Archives/edgar/data/1167419/000107997322001149/riot_s8.htm) to register up to 10,000,000 shares of Common Stock reserved for issuance pursuant to the Third Amendment to the 2019 Equity Plan; (iv) on July 13, 2023 [(File No. 333-273235)](https://www.sec.gov/Archives/edgar/data/1167419/000116741923000016/tmb-20230713xs8.htm) to register up to 4,000,000 shares of Common Stock reserved for issuance pursuant to the Fourth Amendment to the 2019 Equity Plan; (v) on December 21, 2023 [(File No. 333-276207)](https://www.sec.gov/Archives/edgar/data/1167419/000155837023019965/tmb-20231221xs8.htm) to register up to 13,000,000 shares of Common Stock reserved for issuance pursuant to the Fifth Amendment to the 2019 Equity Plan; and (vi) on June 28, 2024 [(File No. 333-280587)](https://www.sec.gov/Archives/edgar/data/1167419/000155837024009626/tmb-20240628xs8.htm) to register up to 15,000,000 shares of Common Stock reserved for issuance pursuant to the Sixth Amendment to the 2019 Equity Plan (collectively the "Prior Registration Statements").

This Registration Statement relates to securities of the same class as those to which the Prior Registration Statements relate and is submitted in accordance with General Instruction E of Form S-8, regarding the registration of additional securities. Pursuant to General Instruction E of Form S-8, the contents of the Prior Registration Statements are incorporated herein by reference and made part of this Registration Statement, except as amended hereby.

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#### PART I
**INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS**

**The documents containing the information specified in Part I of Form S-8 will be sent or given to employees in accordance with the provisions of Rule 428(b)(1) of the Securities Act of 1933, as amended (the "Securities Act"). In accordance with the instructions of Part I of Form S-8, such documents need not be filed with the SEC either as part of this Registration Statement or as prospectuses or prospectus supplements pursuant to Rule 424 of the Securities Act. These documents and the documents incorporated by reference in this Registration Statement pursuant to Item 3 of Part II of this Form, taken together, constitute a prospectus that meets the requirements of Section 10(a) of the Securities Act.**

#### PART II

#### INFORMATION REQUIRED IN THE REGISTRATION STATEMENT

#### ITEM 3. INCORPORATION OF DOCUMENTS BY REFERENCE
The Registrant hereby incorporates by reference into this Registration Statement the following reports or other documents filed with the SEC:

● [Our Annual Report on Form 10-K for the fiscal year ended December 31, 2025, as filed with the SEC on March 2, 2026 ("Annual Report");](https://www.sec.gov/ix?doc=/Archives/edgar/data/1167419/000110465926022322/riot-20251231x10k.htm)

● The portions of our [Proxy Statement on Schedule 14A filed with the SEC on April 30, 2026](https://www.sec.gov/ix?doc=/Archives/edgar/data/1167419/000110465926053098/riot-20260609xdef14a.htm) , that are specifically incorporated by reference into our Annual Report;

● Our [Quarterly Report on Form 10-Q for the period ended March 31, 2026, as filed with the SEC on April 30, 2026](https://www.sec.gov/ix?doc=/Archives/edgar/data/1167419/000110465926053120/riot-20260331x10q.htm) ;

● Our Current Reports on Form 8-K (excluding any reports or portions thereof that are deemed to be furnished and not filed, as specified therein) filed with the SEC on [January 2, 2026](https://www.sec.gov/ix?doc=/Archives/edgar/data/1167419/000110465926000248/riot-20251231x8k.htm) , [January 16, 2026](https://www.sec.gov/ix?doc=/Archives/edgar/data/1167419/000110465926004551/riot-20260116x8k.htm) , [April 1, 2026](https://www.sec.gov/ix?doc=/Archives/edgar/data/1167419/000110465926038545/riot-20260326x8k.htm) , [April 27, 2026](https://www.sec.gov/ix?doc=/Archives/edgar/data/1167419/000110465926049432/riot-20260421x8k.htm) and [June 15, 2026](https://www.sec.gov/ix?doc=/Archives/edgar/data/1167419/000110465926074070/riot-20260609x8k.htm) , and our Current Report on Form 8-K/A filed on [January 5, 2026](https://www.sec.gov/ix?doc=/Archives/edgar/data/1167419/000110465926000720/riot-20251231x8ka.htm) ; and

● The description of our Common Stock contained in our registration statement on [Form 8-A, filed pursuant to Section 12(b) of the Securities Exchange Act of 1934 (the "Exchange Act") on August 27, 2007](https://www.sec.gov/Archives/edgar/data/1167419/000107997307000759/apnb_form8a-082207.htm) , as updated by the description of our Common Stock included in [Exhibit 4.20](https://www.sec.gov/Archives/edgar/data/1167419/000155837024001550/riot-20231231xex4d20.htm) to our Annual Report on Form 10-K for the fiscal year ended December 31, 2023, together with any amendment or report filed for the purpose of updating that description.

All reports and other documents filed by the Company pursuant to Section 13(a), 13(c), 14 or 15(d) of the Exchange Act (other than, in each case, portions of such filings that have been furnished and not filed in accordance with SEC rules, unless specifically incorporated by reference into this Registration Statement) subsequent to the date hereof and prior to the filing of a post-effective amendment which indicates that all securities offered have been sold or which deregisters all securities then remaining unsold shall be deemed to be incorporated by reference herein. All such incorporated documents shall be deemed to be a part of this Registration Statement from the dates of filing of such documents.

Any statement contained in a report or other document incorporated or deemed to be incorporated by reference into this Registration Statement shall be deemed to be modified or superseded for purposes of this Registration Statement to the extent that a statement contained in this Registration Statement or in any other subsequently filed report or other document which also is or is deemed to be incorporated into this Registration Statement modifies or supersedes that statement. Any such statement so modified or superseded shall not be deemed, except as so modified or superseded, to constitute a part of this Registration Statement.

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#### ITEM 4. DESCRIPTION OF SECURITIES
Not applicable.

#### ITEM 5. INTERESTS OF NAMED EXPERTS AND COUNSEL
Not applicable.

#### ITEM 6. INDEMNIFICATION OF DIRECTORS AND OFFICERS
The Company is incorporated under the laws of the State of Nevada and governed by the Nevada Revised Statutes (the "NRS"). NRS 78.138 provides that, subject to certain exceptions under Nevada law, unless the articles of incorporation or an amendment thereto provides for greater individual liability, a director or officer is not individually liable to a corporation or its stockholders or creditors for any damages as a result of any act or failure to act in his or her capacity as a director or officer unless the presumption of the business judgment rule set forth in NRS 78.138(3) has been rebutted and it is proven that (i) the director's or officer's act or failure to act constituted a breach of his or her fiduciary duties as a director or officer and (ii) the breach of those duties involved intentional misconduct, fraud or a knowing violation of law.

NRS 78.7502(1) provides that a corporation may indemnify, pursuant to that statutory provision, any person who was or is a party or is threatened to be made a party to any threatened, pending or completed action, suit or proceeding, whether civil, criminal, administrative or investigative (other than an action by or in the right of the corporation) by reason of the fact that he is or was a director, officer, employee or agent of the corporation, or is or was serving at the request of the corporation as a director, officer, employee or agent of another corporation or other enterprise or as a manager of a limited liability company, against expenses (including attorneys' fees), judgments, fines and amounts paid in settlement actually and reasonably incurred by him or her in connection with such action, suit or proceeding if he is not liable pursuant to NRS 78.138 or if he acted in good faith and in a manner he reasonably believed to be in or not opposed to the best interests of the corporation, and, with respect to any criminal action or proceeding, had no reasonable cause to believe his or her conduct was unlawful.

NRS 78.7502(2) permits a corporation to indemnify, pursuant to that statutory provision, any person who was or is a party or is threatened to be made a party to any threatened, pending or completed action or suit by or in the right of the corporation to procure a judgment in its favor by reason of the fact that such person acted in any of the capacities set forth above against expenses, including amounts paid in settlement and attorneys' fees actually and reasonably incurred by him or her in connection with the defense or settlement of such action or suit if he acted under similar standards, except that no indemnification pursuant to NRS 78.7502 may be made in respect of any claim, issue or matter as to which such person shall have been adjudged by a court of competent jurisdiction, after exhaustion of any appeals taken therefrom, to be liable to the corporation or for amounts paid in settlement to the corporation, unless and only to the extent that the court in which such action or suit was brought or other court of competent jurisdiction determines that, in view of all the circumstances of the case, such person is fairly and reasonably entitled to indemnity for such expenses as the court deems proper. NRS 78.751(1) provides that a corporation shall indemnify any person who is a director, officer, employee or agent of the corporation, against expenses actually and reasonably incurred by the person in connection with defending an action (including, without limitation, attorney's fees), to the extent that the person is successful on the merits or otherwise in defense of any threatened, pending or completed action, suit or proceeding, whether civil, criminal, administrative or investigative, including, without limitation, an action by or in the right of the corporation, by reason of the fact that the person is or was a director, officer, employee or agent of the corporation, or is or was serving at the request of the corporation as a director, officer, employee or agent of another corporation, partnership, joint venture, trust or other enterprise or as a manager of a limited liability company, or any claim, issue or matter in such action.

NRS 78.751 provides that the indemnification pursuant to NRS 78.751 and NRS 78.7502 does not exclude any other rights to which the indemnified party may be entitled (except that indemnification may not be made to or on behalf of any director or officer finally adjudged by a court of competent jurisdiction, after exhaustion of any appeals taken therefrom, to be liable for intentional misconduct, fraud or a knowing violation of the law and such misconduct, fraud or violation was material to the cause of action) and that the indemnification shall continue as to directors, officers, employees or agents who have ceased to hold such positions, and to their heirs, executors and administrators.

Section 78.752 of the NRS provides that a Nevada corporation may purchase and maintain insurance or make other financial arrangements on behalf of any person who is or was a director, officer, employee, or agent of the corporation, or

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is or was serving at the request of the corporation as a director, officer, employee, or agent of another corporation, partnership, joint venture, trust, or other enterprise, for any liability asserted against him and liability and expenses incurred by him in his capacity as a director, officer, employee, or agent, or arising out of his status as such, whether or not the corporation has the authority to indemnify him against such liability and expenses.

The Company's Articles of Incorporation and Amended and Restated Bylaws provide that our officers and directors shall be indemnified and held harmless to the fullest extent legally permissible under the laws of the State of Nevada against all expenses, liability and loss (including attorneys' fees, judgments, fines and amounts paid or to be paid in settlement) reasonably incurred or suffered.

The Company's Articles of Incorporation provide that the individual liability of the directors and officers of the Company is eliminated to the fullest extent permitted by the NRS.

In addition, we have entered indemnification agreements with each of our directors and officers. These agreements, among other things, require the Company to indemnify the directors and officers for the costs and liabilities incurred by such director or officer in his or her defense of any threatened, pending, or completed action, suit, or proceeding, whether civil, criminal, administrative, or investigative proceeding arising in the course of their employment with us.

We maintain general liability and directors' and officers' insurance policies that cover certain liabilities of our directors and officers arising out of claims based on acts or omissions in their capacities as directors or officers, including liabilities under the Securities Act.

Insofar as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers or controlling persons of the registrant pursuant to the foregoing provisions, or otherwise, the registrant has been advised that in the opinion of the SEC, such indemnification is against public policy as expressed in the Securities Act and is therefore unenforceable.

The foregoing summaries are subject to the complete text of the NRS and our Articles of Incorporation, our Bylaws and the other arrangements referred to above and are qualified in their entirety by reference thereto.

#### ITEM 7. EXEMPTION FROM REGISTRATION CLAIMED
Not applicable.

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#### ITEM 8. EXHIBITS

#### EXHIBIT INDEX

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Exhibit<br>No.** | | **Incorporated by Reference from:** | **Incorporated by Reference from:** | **Incorporated by Reference from:** | **Incorporated by Reference from:** |
| **Exhibit<br>No.** | <br>**Exhibit Description** | **Form** | **File No.** | **Exhibit No.** | **Filing Date** |
| 4.1 | [Articles of Incorporation](https://www.sec.gov/Archives/edgar/data/1167419/000107997317000554/ex3x1.htm) | 8-K | 001-33675 | 3.1 | September 25, 2017 |
| 4.2 | [Articles of Merger between Bioptix, Inc., and Riot Blockchain, Inc.](https://www.sec.gov/Archives/edgar/data/1167419/000107997317000569/ex3x1.htm) | 8-K | 001-33675 | 3.1 | October 4, 2017 |
| 4.3 | [Certificate of Amendment to the Articles of Incorporation of Riot Blockchain, Inc., dated November 21, 2022](https://www.sec.gov/Archives/edgar/data/1167419/000155335022000962/riot_ex3z1.htm) | 8-K | 001-33675 | 3.1 | November 23, 2022 |
| 4.4 | [Certificate of Amendment to the Articles of Incorporation of Riot Platforms, Inc. dated June 13, 2024](https://www.sec.gov/Archives/edgar/data/1167419/000155837024009292/riot-20240618xex3d1.htm) | 8-K | 001-33675 | 3.1 | June 18, 2024 |
| 4.5 | [Articles of Merger between Riot Blockchain, Inc. and Riot Platforms, Inc.](https://www.sec.gov/Archives/edgar/data/1167419/000107997323000004/ex3x1.htm) | 8-K | 001-33675 | 3.1 | January 3, 2023 |
| 4.6 | [Amended and Restated Bylaws of Riot Platforms, Inc.](https://www.sec.gov/Archives/edgar/data/1167419/000110465926038545/riot-20260326xex3d1.htm) | 8-K | 001-33675 | 3.1 | April 1, 2026 |
| 4.7 | [2019 Equity Plan of Riot Platforms, Inc., as amended](https://www.sec.gov/Archives/edgar/data/1167419/000110465926074070/riot-20260609xex10d2.htm) | 8-K | 001-33675 | 10.2 | June 15, 2026 |
| 4.8 | [Form of Time-Based Restricted Stock Unit Award Agreement](https://www.sec.gov/Archives/edgar/data/1167419/000107997321001159/ex4x7.htm) | S-8 | 333-261086 | 4.7 | November 15, 2021 |
| 4.9 | [Form of Performance-Based Restricted Stock Unit Award Agreement](https://www.sec.gov/Archives/edgar/data/1167419/000107997321000790/ex10x1.htm) | 8-K | 001-33675 | 10.1 | August 16, 2021 |
| 4.10 | [Form of Service-Based Restricted Stock Award Agreement](https://www.sec.gov/Archives/edgar/data/1167419/000107997322001265/ex10x1.htm) | 8-K | 001-33675 | 10.1 | October 3, 2022 |
| 4.11 | [Form of Performance-Based Restricted Stock Award Agreement](https://www.sec.gov/Archives/edgar/data/1167419/000107997322001265/ex10x2.htm) | 8-K | 001-33675 | 10.2 | October 3, 2022 |
| 4.12 | [Form of Long-Term Incentive Program Award Agreement](https://www.sec.gov/Archives/edgar/data/1167419/000155837023011967/riot-20230713xex10d1.htm) | 8-K | 001-33675 | 10.1 | July 19, 2023 |
| 4.13 | [Form of Long-Term Incentive Program Performance Award Agreement](https://www.sec.gov/Archives/edgar/data/1167419/000110465926000248/riot-20251231xex10d1.htm)  | 8-K | 001-33675 | 10.1 | January 2, 2026 |
| 4.14 | [Form of Long-Term Incentive Program Service Award Agreement](https://www.sec.gov/Archives/edgar/data/1167419/000110465926000248/riot-20251231xex10d2.htm)  | 8-K | 001-33675 | 10.2 | January 2, 2026 |
| 4.15 | [Form of Long-Term Incentive Program Performance Award Agreement (Units)](https://www.sec.gov/Archives/edgar/data/1167419/000110465926000248/riot-20251231xex10d3.htm) | 8-K | 001-33675 | 10.3 | January 2, 2026 |
| 4.16 | [Form of Long-Term Incentive Program Service Award Agreement (Units)](https://www.sec.gov/Archives/edgar/data/1167419/000110465926000248/riot-20251231xex10d4.htm) | 8-K | 001-33675 | 10.4 | January 2, 2026 |
| 5.1 | [Opinion of Womble Bond Dickinson (US) LLP](riot-20260626xex5d1.htm) | \* | \* | \* | \* |
| 23.1 | [Consent of Deloitte & Touche LLP](riot-20260626xex23d1.htm) | \* | \* | \* | \* |
| 23.2 | [Consent of Womble Bond Dickinson (US) LLP (contained in Exhibit 5.1)](riot-20260626xex5d1.htm) | \* | \* | \* | \* |
| 24.1 | [Power of Attorney (included on the signature page of this Registration Statement)](#POWEROFATTORNEY_642620) | \* | \* | \* | \* |
| 107 | [Filing Fee Table](riot-20260626xexfees.htm) | \* | \* | \* | \* |

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\* filed herewith.

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#### ITEM 9. UNDERTAKINGS
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The undersigned Registrant hereby undertakes:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) To file, during any period in which offers or sales are being made, a post-effective amendment to this Registration Statement:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) To include any prospectus required by section 10(a)(3) of the Securities Act;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) To reflect in the prospectus any facts or events arising after the effective date of this Registration Statement (or the most recent post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set forth in this Registration Statement. Notwithstanding the foregoing, any increase or decrease in volume of securities offered (if the total dollar value of securities offered would not exceed that which was registered) and any deviation from the low or high end of the estimated maximum offering range may be reflected in the form of prospectus filed with the SEC pursuant to Rule 424(b) if, in the aggregate, the changes in volume and price represent no more than 20% change in the maximum aggregate offering price set forth in the "Calculation of Filing Fee Tables" or "Calculation of Registration Fee" table, as applicable, in this Registration Statement; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) To include any material information with respect to the plan of distribution not previously disclosed in this Registration Statement or any material change to such information in this Registration Statement.

Provided, however, that: paragraphs (a)(1)(i) and (a)(1)(ii) do not apply if the information required to be included in a post-effective amendment by those paragraphs is contained in reports filed with or furnished to the SEC by the Registrant pursuant to Section 13 or Section 15(d) of the Exchange Act that are incorporated by reference in this Registration Statement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) That, for the purpose of determining any liability under the Securities Act, each such post-effective amendment shall be deemed to be a new Registration Statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial *bona fide* offering thereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) That for purposes of determining any liability under the Securities Act, each filing of the Registrant's Annual Report pursuant to Section 13(a) or Section 15(d) of the Exchange Act (and, where applicable, each filing of an employee benefit plan's annual report pursuant to Section 15(d) of the Exchange Act) that is incorporated by reference in this Registration Statement shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Insofar as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers and controlling persons of the Registrant pursuant to the foregoing provisions, or otherwise, the Registrant has been advised that in the opinion of the SEC such indemnification is against public policy as expressed in the Securities Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the Registrant of expenses incurred or paid by a director, officer or controlling person of the Registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the Registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Securities Act and will be governed by the final adjudication of such issue.

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#### SIGNATURES
Pursuant to the requirements of the Securities Act, the Registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Hong Kong, SAR on June 26, 2026.

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| | |
|:---|:---|
| **Riot Platforms, Inc.** | **Riot Platforms, Inc.** |
| By: | /s/ Jason Chung |
|  | Jason Chung |
|  | Chief Financial Officer |
|  | (Principal Financial Officer) |

---

#### POWER OF ATTORNEY
**KNOW ALL PERSONS BY THESE PRESENTS**, that each person whose signature appears below constitutes and appoints Jason Les, Jason Chung, and William Jackman, and each of them, their true and lawful attorney-in-fact and agents, with full power to act with or without the others and with full power of substitution and re-substitution, in any and all capacities, to execute on behalf of the undersigned and file any and all amendments (including post-effective amendments) to this Registration Statement on Form S-8, with all exhibits thereto, and other documents in connection therewith, with the SEC, granting unto said attorneys-in-fact and agents, and each of them, full power and authority to do and perform each and every act and thing requisite or necessary to be done in and about the premises, as fully to all intents and purposes as he, she, or it might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents or any of them, or their or his substitute or substitutes, may lawfully do or cause to be done by virtue hereof.

Pursuant to the requirements of the Securities Act, this Registration Statement has been signed below by the following persons in the capacities and on the date indicated.

---

| | | |
|:---|:---|:---|
| **Name** | **Title** | **Date** |
| /s/ Jason Les | Chief Executive Officer (Principal Executive Officer) and Director | June 26, 2026 |
| Jason Les |  |  |
| /s/ Jason Chung | Chief Financial Officer (Principal Financial Officer) | June 26, 2026 |
| Jason Chung |  |  |
| /s/ Ryan Werner | Chief Accounting Officer (Principal Accounting Officer) | June 26, 2026 |
| Ryan Werner |  |  |
| /s/ Benjamin Yi | Executive Chairman and Director | June 26, 2026 |
| Benjamin Yi |  |  |
| /s/ Lance D'Ambrosio | Director | June 26, 2026 |
| Lance D'Ambrosio |  |  |
| /s/ Jaime Leverton | Director | June 26, 2026 |
| Jaime Leverton |  |  |
| /s/ Douglas Mouton | Director | June 26, 2026 |
| Douglas Mouton |  |  |
| /s/ Michael Turner | Director | June 26, 2026 |
| Michael Turner |  |  |

---

------

## Exhibit 5.1

**Exhibit 5.1**

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| | |
|:---|:---|
| ![Graphic](riot-20260626xex5d1002.jpg) | ![Graphic](riot-20260626xex5d1003.jpg) |

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| | |
|:---|:---|
| **June 26, 2026** | Womble Bond Dickinson (US) LLP |
|  | 3993 Howard Hughes Parkway |
|  | Suite 600 |
| Riot Platforms, Inc. | Las Vegas, NV 89169 |
| 85 Rio Grande Drive, Suite 200 |  |
| Castle Rock, CO 80104 |  |

---

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| | |
|:---|:---|
| **RE:**  | **Registration Statement of Form S-8; 15,000,000 shares of Common Stock, no par value** |

---

**Exhibit 5.1**

Ladies and Gentlemen:

We have acted as special Nevada counsel to Riot Platforms, Inc., a Nevada corporation (the "<u>Company</u>"), in connection with the registration by the Company of 15,000,000 shares of Common Stock of the Company, no par value (the "Shares"), issuable under the Company's 2019 Equity Incentive Plan (the "Plan"). The Shares are included in a registration statement on Form S-8 under the Securities Act of 1933, as amended (the "Act"), filed with the Securities and Exchange Commission (the "Commission") on June 26, 2026, as amended (the "Registration Statement"). This opinion is being furnished in connection with the requirements of Item 601(b)(5) of Regulation S-K under the Act, and no opinion is expressed herein as to any matter pertaining to the contents of the Registration Statement or any related prospectus or other ancillary documents, other than as expressly stated herein with respect to the issue of the Shares.

As such counsel, we have examined such matters of fact and questions of law as we have considered appropriate for purposes of this letter. With your consent, we have relied upon certificates and other assurances of officers of the Company and others as to factual matters without having independently verified such factual matters. We are opining herein as to the Corporation Law of the State of Nevada, Nevada Revised Statutes Chapter 78 ("Nevada Corporation Law"), and we express no opinion with respect to any other laws.

Subject to the foregoing and other matters set forth herein, it is our opinion that, as of the date hereof, when the Shares shall have been duly registered on the books of the transfer agent and registrar therefor in the name or on behalf of the persons to whom issued, granted or awarded ("issuees"), and have been issued by the Company in the circumstances contemplated by and pursuant to the requirements of the Plan, assuming in each case that the individual issuances, grants or awards under the Plan are duly authorized by all necessary corporate action and duly issued, granted or awarded and the issuees have exercised their rights in accordance with the requirements of law and the Plan (and the agreements and awards duly adopted thereunder and in accordance therewith), the issue and sale of the Shares will have been duly authorized by all necessary corporate action of the Company, and the Shares will be validly issued, fully paid and nonassessable. In rendering the foregoing opinion, we have assumed that the

Womble Bond Dickinson (US) LLP is a member of Womble Bond Dickinson (International) Limited, which consists of independent and autonomous law firms providing services in the US, the UK, and elsewhere around the world. Each Womble Bond Dickinson entity is a separate legal entity and is not responsible for the acts or omissions of, nor can bind or obligate, another Womble Bond Dickinson entity. Womble Bond Dickinson (International) Limited does not practice law. Please see www.womblebonddickinson.com/us/legal-notice for further details.

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| | |
|:---|:---|
| June 26, 2026 | ![Graphic](riot-20260626xex5d1001.jpg) |
| Page 2 | ![Graphic](riot-20260626xex5d1001.jpg) |

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Company will comply with any and all applicable notice requirements regarding uncertified shares pursuant to the Nevada Corporation Law.

This opinion is for your benefit in connection with the Registration Statement and may be relied upon by you and by persons entitled to rely upon it pursuant to the applicable provisions of the Act. We consent to your filing this opinion as an exhibit to the Registration Statement. In giving such consent, we do not thereby admit that we are in the category of persons whose consent is required under Section 7 of the Act or the rules and regulations of the Commission thereunder.

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| |
|:---|
| Very truly yours, |
| */s/ Womble Bond Dickinson (US) LLP* |
| **Womble Bond Dickinson (US) LLP** |

---

------

## Exhibit 23.1

**Exhibit 23.1**

CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

We consent to the incorporation by reference in this Registration Statement on Form S-8 of our reports dated March 2, 2026 relating to the financial statements of Riot Platforms, Inc. and the effectiveness of Riot Platforms, Inc.'s internal control over financial reporting, appearing in the Annual Report on Form 10-K of Riot Platforms, Inc. for the year ended December 31, 2025.

/s/ Deloitte & Touche LLP

Houston, TX

June 26, 2026

------

## Ex-Filing

?xml version='1.0' encoding='ASCII'? EX-FILING FEES

---

| |
|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Calculation of Filing Fee Tables**  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **S-8**  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Riot Platforms, Inc.**  |

---

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Security Type**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Security Class Title**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Fee Calculation Rule**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Amount Registered**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Proposed Maximum Offering Price Per Unit**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Maximum Aggregate Offering Price**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Fee Rate**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Amount of Registration Fee**  |
| 1 | Equity | Common stock, no par value per share | Other | 15000000 | $27.03 | $405450000.00 | 0.0001381 | $55992.64 |
| Total Offering Amounts: | Total Offering Amounts: | Total Offering Amounts: | Total Offering Amounts: | Total Offering Amounts: |  | $405450000.00  |  | $55992.64  |
| Total Fee Offsets:  | Total Fee Offsets:  | Total Fee Offsets:  | Total Fee Offsets:  | Total Fee Offsets:  |  |  |  | $0.00  |
| Net Fee Due:  | Net Fee Due:  | Net Fee Due:  | Net Fee Due:  | Net Fee Due:  |  |  |  | $55992.64  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Offering Note** <br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <sup>1</sup> (i) Riot Platforms, Inc., a Nevada corporation, (the "Registrant") is filing this Registration Statement on Form S-8 to register 15,000,000 shares of its common stock, no par value per share (the "Common Stock"), for issuance under the Registrant's 2019 Equity Incentive Plan, as amended (the "2019 Equity Plan"), which shares were reserved for issuance thereunder pursuant to the Seventh Amendment to the Equity Plan, as approved by the Compensation and Human Resources Committee of the Board of Directors of the Registrant on March 26, 2026, and by the stockholders of the Registrant at the 2026 annual meeting of the Registrant's stockholders held on June 9, 2026. Pursuant to Rule 416 under the Securities Act of 1933, as amended (the "Securities Act"), this Registration Statement shall also cover an indeterminate number of additional shares of the Registrant's Common Stock as may become issuable pursuant to the anti-dilution and other adjustment provisions of the 2019 Equity Plan by reason of any stock split, stock dividend, recapitalization or similar transaction effected without the receipt of consideration that results in a change in the number of outstanding shares of the Registrant's Common Stock. (ii) The proposed maximum aggregate offering price per unit and the maximum aggregate offering price is estimated solely for the purpose of calculating the registration fee covering the additional 15,000,000 shares of Common Stock to be registered pursuant to this Registration Statement on Form S-8 in accordance with Rules 457(c) and (h) of the Securities Act, based on the average of the high and low prices of the Registrant's Common Stock, as reported on the Nasdaq Capital Market on June 25, 2026.

---

| |
|:---|
| |
| **Rule 457(p)** |
| Fee Offset Claims |
| Fee Offset Sources |

---