Riot Platforms' revenue in 2025 reached a record of $647 million, currently holding over 18,000 bitcoins

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.

The company mined 5,686 Bitcoins last year and currently holds over 18,000 Bitcoins. CEO Jason Les stated that the company is transitioning to AI and high-performance computing infrastructure through its nearly 2 gigawatt power portfolio and began collaborating with AMD's data center in January 2026.

Although the cost of Bitcoin mining rose from $32,216 per coin in 2024 to $49,645 in 2025, mining revenue still increased to $576.3 million, benefiting from the rise in Bitcoin prices. Activist investor Starboard Value estimates that the value of this transformation strategy could reach $21 billion.