Riot Platforms Reports Record $647.4 Million in 2025 Revenue Amid AI Infrastructure Pivot

Bitcoin mining company Riot Platforms has announced its 2025 fiscal year financial results, revealing a record annual revenue of $647.4 million. This significant increase from $376.7 million in 2024 underscores the company's strategic shift towards becoming a provider of artificial intelligence and high-performance computing infrastructure.

In 2025, Riot Platforms produced 5,686 Bitcoin, surpassing the 4,828 Bitcoin mined in the previous year. The company currently holds over 18,000 Bitcoin in its reserves. Despite an increase in the average cost of Bitcoin mining from $32,216 in 2024 to $49,645 in 2025, mining revenue saw a substantial rise from $321 million to $576.3 million. This growth was primarily driven by Bitcoin's record-high prices throughout 2025.

The company's diversification into AI infrastructure is a key factor in its strong financial performance, indicating a successful transition beyond traditional Bitcoin mining. This dual focus positions Riot Platforms for continued growth in emerging technology sectors.

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