Riot Platforms reported record revenue of $647 million in 2025, accelerating its expansion into AI and high-performance computing businesses.

Bitcoin mining company Riot Platforms announced its full-year 2025 results, with record revenue. The company achieved $647.4 million in revenue for the year, a significant increase from $376.7 million in 2024. In 2025, Riot produced 5,686 bitcoins, up from 4,828 in the previous fiscal year. As of now, the company holds over 18,000 bitcoins. Benefiting from the record-high price of bitcoin in 2025, the company's bitcoin mining revenue rose to $576.3 million, up from $321 million in 2024. Riot CEO Jason Les stated that 2025 was a pivotal year for the company's strategic transformation. By releasing nearly 2 gigawatts of power reserves for high-demand data center infrastructure construction, the company is accelerating its transformation into an artificial intelligence (AI) and high-performance computing (HPC) infrastructure provider, creating long-term value for shareholders. In January of this year, Riot Games reached a data center partnership agreement with semiconductor company AMD, and the first phase of leasing operations will commence in January 2026, beginning to contribute revenue to the company. Activist investment firm Starboard Value previously stated that Riot's potential valuation in its shift towards AI and HPC could reach as high as $21 billion.