Riot Platforms Achieves Record Revenue in 2024

According to Foresight News, Bitcoin mining company Riot Platforms reported a record annual revenue for 2024, driven primarily by increased mining income. The company's total revenue for the year reached $376.7 million, marking a 34.2% increase compared to the previous year. Riot's net income expanded to $109.4 million, a significant turnaround from a net loss of $49.4 million in 2023.