Riot Platforms, Inc. reported significant financial performance for the fiscal year ending December 31, 2025, with total revenue reaching $647.4 million, a substantial increase from $376.7 million in 2024. The company's Bitcoin Mining segment generated $576.3 million in revenue, up from $321.0 million the previous year, driven by a 17.8% increase in bitcoin mined, totaling 5,686 bitcoin compared to 4,828 in 2024. This growth was attributed to higher average bitcoin prices, which rose to $101,350 per bitcoin from $66,488, and an increase in deployed hash rate capacity, which grew to 38.5 exahash per second (EH/s) from 31.5 EH/s.
The company also experienced a net loss of $663.2 million in 2025, compared to a profit of $109.4 million in 2024. This loss was primarily due to increased operational costs, including a $149.8 million rise in Bitcoin Mining costs, which were influenced by the expansion of facilities and the acquisition of Block Mining. Additionally, Riot Platforms recognized a significant loss of $158.1 million related to the settlement of a contract with Rhodium, which further impacted profitability.
Strategically, Riot Platforms has been transitioning from a bitcoin mining-focused enterprise to a diversified digital infrastructure company. In 2025, the company made notable acquisitions, including Block Mining, which added operational capacity in Kentucky, and E4A Solutions, enhancing its engineering capabilities. The company also secured a long-term lease agreement with Advanced Micro Devices, Inc. (AMD) for data center services, which is expected to generate approximately $311 million in base rent over ten years.
Operationally, Riot Platforms has expanded its facilities, with the Corsicana Facility expected to reach a total capacity of approximately 1 gigawatt (GW) upon completion. The company has also focused on optimizing its power strategy, participating in demand response programs to manage electricity costs effectively. As of December 31, 2025, Riot Platforms employed approximately 816 individuals, reflecting its growth and expansion efforts.
Looking ahead, Riot Platforms aims to leverage its energy portfolio and engineering expertise to capitalize on the growing demand for power-intensive computing, including applications in artificial intelligence and high-performance computing. The company anticipates continued competition in the bitcoin mining sector and is focused on maintaining its operational efficiency and expanding its market share in the evolving digital infrastructure landscape.
About Riot Platforms, Inc.
Riot Platforms is a vertically-integrated Bitcoin mining company operating large-scale facilities in Texas and Kentucky. It focuses on maximizing Bitcoin production through advanced ASIC miners, immersion cooling, and infrastructure development. The company also explores AI/HPC capacity, owns a Bitcoin treasury, and provides electrical engineering services. Its core value lies in efficient, scalable mining operations and strategic asset management within the cryptocurrency industry.
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