Odaily Planet Daily reports: Bitcoin mining company Riot Platforms announced its full-year 2025 financial results, recording record revenue. The company achieved annual revenue of $647.4 million, a significant increase from $376.7 million in 2024.
In 2025, Riot produced 5,686 bitcoins, up from 4,828 in the prior fiscal year. To date, the company holds more than 18,000 bitcoins. Benefiting from Bitcoin’s all-time high price in 2025, the company’s Bitcoin mining revenue rose to $576.3 million, compared to $321 million in 2024.
Riot CEO Jason Les stated that 2025 is a pivotal year for the company’s strategic transformation. By deploying nearly 2 gigawatts of power reserves toward high-demand data center infrastructure, the company is accelerating its shift toward becoming an infrastructure provider for artificial intelligence (AI) and high-performance computing (HPC), creating long-term value for shareholders.
In January of this year, Riot entered into a data center partnership with semiconductor company AMD, with the first phase of leasing operations set to commence in January 2026, generating revenue for the company. Activist investment firm Starboard Value previously indicated that Riot’s potential valuation in its transition toward AI and HPC could reach up to $21 billion.