Riot Platforms reports robust financial performance for fiscal year 2025, with revenues surging to $647.4 million, a significant increase from $376.7 million in fiscal year 2024. The company's Bitcoin production also saw substantial growth, with 5,686 BTC mined in FY2025, up from 4,828 BTC the previous year. Riot Platforms currently holds over 18,000 BTC.

The surge in Bitcoin prices was a key driver for the company's BTC mining revenue, which climbed to $576.3 million from $321 million in the prior year. However, the average cost to mine a single BTC increased from $32,216 to $49,645 during the same period.

Riot Platforms has indicated a strategic shift towards Artificial Intelligence (AI) and High-Performance Computing (HPC) infrastructure. The company launched a data center collaboration with AMD in January 2026, which has already begun to generate revenue. (The Block)

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