Riot Platforms Posts Record 2025 Revenue

Riot Platforms reported record 2025 revenue of $647.4 million, up 72% from $376.7 million, driven by a $255.3 million increase in Bitcoin mining revenue to $576.3 million amid higher operational hashrate and average BTC prices. The company produced 5,686 BTC, finished the year with 18,005 BTC valued at about $1.6 billion, but recorded a $663 million net loss; adjusted EBITDA was $13 million.
Key Points
- 1Reports record revenue of $647.4M in 2025, a 72% increase driven by BTC mining.
- 2Cites higher operational hashrate and BTC prices, mining revenue rose $255.3M to $576.3M.
- 3Signals strategic pivot to AI/data centers, holding 18,005 BTC valued at roughly $1.6B.
Scoring Rationale
Company-reported record revenue and sizable BTC holdings justify score; limited long-term novelty beyond earnings.
Sources
Public references used for this report.
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