Riot Platforms(NASDAQ) RIOT

Riot Platforms helps keep the Bitcoin network running by using powerful computers to secure digital transactions. The company makes specialized power equipment for industrial sites and government projects. It also builds large data centers that provide the electricity and cooling needed for high-tech computing.

What Riot Does

• Bitcoin Mining: Operates specialized computer servers to solve complex puzzles and earn digital rewards; generated $576.3 million in revenue during 2025.
• Engineering: Designs and builds power distribution gear and electrical products for industrial, utility, and data center customers.
• Data Center Services: Develops large-scale infrastructure and leasing options for businesses that need high-power capacity for intense computing tasks.

Growth and Expansion

• Acquired Block Mining in 2024 to expand operations into Kentucky with two new vertically-integrated sites.
• Signed a ten-year lease with Advanced Micro Devices in January 2026 to provide power and space for high-performance computing at the Rockdale Facility.
• Purchased the 200-acre land parcel under the Rockdale Facility in January 2026 to secure direct ownership of the site's critical power and water systems.
• Executed a master agreement with MicroBT to secure a long-term supply of powerful, immersion-cooled mining hardware manufactured in the United States.

What Makes Riot Stand Out

Riot owns its entire infrastructure chain, from the engineering of electrical components to the management of massive data centers. This vertical integration allows the company to control its power costs and switch electricity back to the public grid during extreme weather to help stabilize local energy supplies.

The Financial Scorecard

• Revenue reached $152.8 million in Q4 2025, up 7.2% from Q4 2024.
• Net income fell to a loss of $690.7 million in Q4 2025, down 606.3% from a profit in Q4 2024.
• Bitcoin mining revenue hit $576.3 million for the full year 2025, an increase of 79.5% over 2024.
• The company successfully mined 5,686 bitcoin during 2025, a 17.8% increase compared to 2024.

Bottom Line

Riot has transitioned from a pure bitcoin miner into a diversified digital infrastructure company. By owning its power assets and expanding into high-performance data centers, it has built a business that supports both the cryptocurrency market and the broader demand for industrial computing.