According to Mars Finance, citing The Block, Bitcoin mining company Riot Platforms announced its fiscal year 2025 results, 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 transforming its nearly 2 gigawatt power portfolio into AI and high-performance computing infrastructure and began collaborating with AMD's data centers in January 2026. Despite the Bitcoin mining cost rising from $32,216 per coin in 2024 to $49,645 in 2025, mining revenue still increased to $576.3 million thanks to the rising price of Bitcoin. Activist investor Starboard Value estimates the transformation strategy could be worth $21 billion.
Riot Platforms achieved record revenue of $647 million in 2025 and currently holds over 18,000 Bitcoins.
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