Riot Reports Record $647M Revenue in 2025, Holds $1.6B in Bitcoin
Riot Platforms achieved record 2025 revenue of $647.4 million, driven by Bitcoin mining, while holding $1.6 billion in BTC.Summary
Riot Platforms announced record annual revenue of $647.4 million for 2025, a 72% increase from the previous year, primarily fueled by a $255.3 million surge in Bitcoin mining revenue, reaching $576.3 million due to higher operational hash rates and BTC prices. Despite this revenue record, the company reported a net loss of $663 million due to accounting adjustments and changes in the paper value of its Bitcoin holdings, though its adjusted EBITDA was $13 million.
Riot concluded 2025 holding 18,005 Bitcoin, valued at approximately $1.6 billion based on the year-end price of $87,498, alongside $309.8 million in cash. The company is actively pivoting toward artificial intelligence and high-performance computing, evidenced by recent agreements with AMD and land purchases in Texas, a strategy supported by activist investor Starboard Value.
This performance contrasts with struggles faced by other publicly traded Bitcoin miners in 2025 amid a crypto slump, with companies like Core Scientific and TeraWulf reporting revenue declines and missing analyst expectations.
(Source：Cointelegraph)