<SEC-DOCUMENT>0001415889-23-011199.txt : 20230717
<SEC-HEADER>0001415889-23-011199.hdr.sgml : 20230717
<ACCEPTANCE-DATETIME>20230717191708
ACCESSION NUMBER:		0001415889-23-011199
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20230713
FILED AS OF DATE:		20230717
DATE AS OF CHANGE:		20230717

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Les Jason
		CENTRAL INDEX KEY:			0001721702

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-33675
		FILM NUMBER:		231092649

	MAIL ADDRESS:	
		STREET 1:		C/O RIOT PLATFORMS, INC.
		STREET 2:		3855 AMBROSIA STREET, SUITE 301
		CITY:			CASTLE ROCK
		STATE:			CO
		ZIP:			80109

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Riot Platforms, Inc.
		CENTRAL INDEX KEY:			0001167419
		STANDARD INDUSTRIAL CLASSIFICATION:	FINANCE SERVICES [6199]
		IRS NUMBER:				841553387
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		3855 AMBROSIA STREET, SUITE 301
		CITY:			CASTLE ROCK
		STATE:			CO
		ZIP:			80109
		BUSINESS PHONE:		303-794-2000

	MAIL ADDRESS:	
		STREET 1:		3855 AMBROSIA STREET, SUITE 301
		CITY:			CASTLE ROCK
		STATE:			CO
		ZIP:			80109

	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
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>form4-07172023_110704.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0508</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2023-07-13</periodOfReport>

    <issuer>
        <issuerCik>0001167419</issuerCik>
        <issuerName>Riot Platforms, Inc.</issuerName>
        <issuerTradingSymbol>RIOT</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001721702</rptOwnerCik>
            <rptOwnerName>Les Jason</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O RIOT PLATFORMS, INC.</rptOwnerStreet1>
            <rptOwnerStreet2>3855 AMBROSIA STREET, SUITE 301</rptOwnerStreet2>
            <rptOwnerCity>CASTLE ROCK</rptOwnerCity>
            <rptOwnerState>CO</rptOwnerState>
            <rptOwnerZipCode>80109</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>true</isDirector>
            <isOfficer>true</isOfficer>
            <isTenPercentOwner>false</isTenPercentOwner>
            <isOther>false</isOther>
            <officerTitle>CHIEF EXECUTIVE OFFICER</officerTitle>
            <otherText></otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <aff10b5One>0</aff10b5One>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2023-07-13</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>A</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
                <footnoteId id="F1"/>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>184820</value>
                    <footnoteId id="F2"/>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>2023749</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value></value>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2023-07-13</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>A</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
                <footnoteId id="F1"/>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>369640</value>
                    <footnoteId id="F3"/>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>2393389</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value></value>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>1070200</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>See Footnote</value>
                    <footnoteId id="F4"/>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
    </nonDerivativeTable>

    <derivativeTable></derivativeTable>

    <footnotes>
        <footnote id="F1">Represents a grant of unvested restricted shares of the Issuer's Common Stock, no par value per share, (the &quot;Restricted Shares&quot;) granted to the Reporting Person, as compensation for services to the Issuer, according to the Long-Term Incentive Program established, as of July 13, 2023, (the &quot;LTIP&quot;) by the Issuer's Compensation and Human Resources Committee of its Board of Directors (the &quot;Committee&quot;) under the Issuer's 2019 Equity Incentive Plan, as amended, (the &quot;Equity Plan&quot;) for the period ending July 31, 2026 (the &quot;Award Term&quot;).  According to the award agreement between the Issuer and Reporting Person governing such award (the &quot;Award Agreement&quot;), the final number of Restricted Shares to vest shall be determined as of the end of the Award Term, based on (i) the Reporting Person's continued employment with the Issuer through vesting, and (ii) the Issuer's achievement of certain performance objectives established for it by the Committee under the LTIP.</footnote>
        <footnote id="F2">Represents the award of service-based restricted shares of the Issuer's Common Stock (&quot;RSAs&quot;) granted to the Reporting Person, as authorized by the Committee under the LTIP, as compensation for serving as the Issuer's Chief Executive Officer, pursuant to an LTIP award agreement with the Issuer. These shares are eligible to vest, if at all, in three approximately equal annual tranches as of July 1, 2024, July 1, 2025 and July 1, 2026, subject to the Reporting Person's continued service with the Issuer through the applicable vesting dates. Any unvested portion of the RSAs shall be automatically forfeited and returned to the Issuer, without consideration therefore.</footnote>
        <footnote id="F3">Represents the maximum achievable award of performance-based restricted shares of the Issuer's Common Stock (&quot;PRSAs&quot;) of up to a maximum of 200% of the target amount, which is 184,820, during the three-year performance period from January 1, 2023 through December 31, 2025 (the &quot;Performance Period&quot;), granted to the Reporting Person, as authorized by the Committee under the LTIP, pursuant to an LTIP award agreement with the Issuer. These PRSAs are eligible to vest, if at all, based upon certification by the Committee of the Company's achievement, as of the end of the Performance Period, of performance objectives, and subject to the Reporting Persons continued service with the Issuer through July 31, 2026. Any unvested portion of the PRSAs shall be automatically forfeited and returned to the Issuer, without consideration therefore.</footnote>
        <footnote id="F4">Shares held of record in trust by Jason M. Les, Trustee of The Jason M. Les Trust, dated March 8, 2021.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Alexander K. Travis, Attorney-in-Fact for Jason Les</signatureName>
        <signatureDate>2023-07-17</signatureDate>
    </ownerSignature>
</ownershipDocument>
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</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
