
Riot Platforms reports $647.4 million in 2025 revenue, up from $376.7 million in 2024, as it pivots towards AI and high-performance computing infrastructure while maintaining its Bitcoin mining operations.
Riot Platforms achieved a record $647.4 million in revenue for 2025, marking a significant increase from $376.7 million in 2024. The company mined 5,686 BTC and currently holds over 18,000 BTC. Despite a rise in average mining costs to $49,645, Bitcoin's record-high prices boosted mining income to $576.3 million. CEO Jason Les emphasized the company’s shift towards AI and high-performance computing (HPC) infrastructure as part of a broader strategic pivot, aiming for future valuations of up to $21 billion.