(Reuters) – Bitcoin miner Riot Platforms Inc said on Thursday it plans to delay its annual financial report as it must correct errors found in earlier financial reports.

In a regulatory filing, Riot said its financial statements for the quarters ending March, June and September 2021 and 2022 can no longer be relied upon because it miscalculated the impairment associated with its bitcoin holdings.

Riot shares fell nearly 1% in after-hours trading.

The crypto miner expects to file its annual report within the 15-day grace period it received from the US Securities and Exchange Commission.

(Reporting by Anirban Chakraborty in Bengaluru; Editing by Maju Samuel)

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