Riot Platforms posted document annual income of $647.4 million for 2025, up 72% from $376.7 million a yr earlier.
In a Monday announcement, the corporate mentioned the rise was pushed by a $255.3 million leap in Bitcoin (BTC) mining income, which reached $576.3 million in 2025 amid an increase in operational hashrate and better common Bitcoin costs. Through the yr, Riot produced 5,686 Bitcoin, up from 4,828 BTC in 2024.
The typical value to mine one Bitcoin, excluding depreciation, climbed to $49,645 from $32,216 in 2024. Riot attributed the upper value largely to a 47% improve within the international community hashrate, which elevated mining issue. That impression was partly offset by a 68% improve in energy credit acquired in the course of the yr, the corporate mentioned. Engineering income additionally rose, reaching $64.7 million in contrast with $38.5 million in 2024.
Regardless of the document efficiency, Riot reported a internet lack of $663 million due to accounting changes and modifications within the paper worth of its Bitcoin holdings. Adjusted earnings earlier than curiosity, taxes, depreciation and amortization (EBITDA) for the yr was $13 million.
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Riot closes 2025 with 18,005 BTC price $1.6 billion
Riot ended 2025 with 18,005 Bitcoin on its stability sheet, together with 3,977 BTC pledged as collateral. Based mostly on a year-end Bitcoin worth of $87,498, these holdings have been valued at roughly $1.6 billion. The corporate additionally held $309.8 million in money, of which $76.3 million was restricted.
In January, Riot signed an information heart settlement with chipmaker AMD and bought Bitcoin to purchase 200 acres of land in Rockdale, Texas. The transfer got here after activist investor Starboard Worth mentioned the corporate’s shift towards synthetic intelligence and high-performance computing might carry a valuation of as much as $21 billion, urging the Bitcoin miner to speed up the pivot.
Riot’s shift towards AI and information facilities comes amid related strikes by different main miners. Firms together with Hive, Hut 8, TeraWulf and Iren are changing mining amenities and energy capability into data-center operations, and a few gamers equivalent to CoreWeave have already transitioned totally into AI infrastructure.
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Bitcoin miners wrestle amid crypto hunch
A number of publicly traded Bitcoin miners confronted strain in 2025 as crypto costs weakened. Core Scientific reported fourth-quarter income of $79.8 million, down 16% year-on-year and under analyst forecasts, with mining income virtually halved to $42.2 million.
TeraWulf additionally missed estimates, reporting quarterly income of $35.8 million, down from $50.6 million within the earlier quarter and under expectations. MARA Holdings posted even steeper losses. The miner reported a fourth-quarter internet lack of $1.71 billion, in contrast with internet revenue of $528 million a yr earlier, as income slipped 6% to $202.3 million.
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