Riot Platforms' 2025 revenue hits a record $647 million, currently holding over 18,000 Bitcoins

ZkProver · 2026-03-04T00:46:32+00:00

Riot Platforms announces fiscal year 2025 performance, with annual revenue reaching $647.4 million, a significant increase. The company holds over 18,000 Bitcoins and is transitioning towards AI and high-performance computing. Despite rising mining costs, mining revenue increased to $576.3 million, and Starboard Value predicts the transformation could be worth up to $21 billion.

ZkProver

2026-03-04 00:46:32

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ChainCatcher reports that according to The Block, Bitcoin mining company Riot Platforms announced its fiscal year 2025 performance, with annual revenue reaching $647.4 million, a significant increase from $376.7 million in 2024.

Last year, the company mined 5,686 bitcoins and currently holds over 18,000 bitcoins. CEO Jason Les stated that the company is transforming its nearly 2 gigawatt power portfolio toward AI and high-performance computing infrastructure, and has partnered with AMD data centers starting January 2026.

Although Bitcoin mining costs rose from $32,216 per coin in 2024 to $49,645 in 2025, mining revenue increased to $576.3 million due to rising Bitcoin prices. Aggressive investor Starboard Value estimates the value of this transformation strategy could reach $21 billion.

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