Riot Platforms reports record annual revenue of $647 million amid AI and HPC push

Riot Platforms announced a record-breaking year in 2025, reporting $647.4 million in revenue, a significant increase from $376.7 million in 2024, driven by both soaring Bitcoin prices and a strategic shift toward AI and High-Performance Computing (HPC) infrastructure. The company mined 5,686 bitcoin in 2025 and now holds over 18,000 BTC. CEO Jason Les highlighted that unlocking their nearly two-gigawatt power portfolio for data centers is driving shareholder value. This strategic evolution includes a major data center lease deal signed with AMD in January, which began generating revenue in early 2026. Activist investor Starboard Value supported this pivot, suggesting the AI focus could be worth up to $21 billion. Despite the average cost to mine a bitcoin increasing to $49,645 in 2025, BTC mining revenue climbed substantially to $576.3 million.

(Source：The Block)