Riot Platforms Reports Record Revenue in 2025

Riot Platforms has announced its financial results for 2025, revealing a record-breaking revenue of $647.4 million, a significant increase from $376.7 million in 2024. According to Odaily, the company produced 5,686 bitcoins in 2025, up from 4,828 in the previous year, and currently holds over 18,000 bitcoins. The surge in bitcoin prices in 2025 contributed to a rise in mining revenue to $576.3 million, compared to $321 million in 2024. Riot CEO Jason Les highlighted 2025 as a pivotal year for the company's strategic transformation. By deploying nearly 2 gigawatts of power reserves for high-demand data center infrastructure, Riot is accelerating its shift towards becoming a provider of artificial intelligence (AI) and high-performance computing (HPC) infrastructure, aiming to create long-term value for shareholders. In January, Riot entered into a data center partnership with semiconductor company AMD, with the first phase of leasing operations commencing in January 2026, already contributing to the company's revenue. Previously, activist investment firm Starboard Value suggested that Riot's transition towards AI and HPC could potentially reach a valuation of $21 billion.