Riot Platforms recorded a record financial result in the third quarter of 2025, achieving a net profit of $104.5 million. This allowed the company to offset losses from the first half of the year and mark one of its most successful periods in its history.
This is reported by Business • Media
Key Financial Indicators and Growth Factors
According to the financial report, Riot Platforms’ revenue in the third quarter rose to $180.2 million, nearly 2.1 times higher than the same period in 2024, when the figure was $84.8 million. The primary source of income was Bitcoin mining, which generated $93.3 million for the company.
During the reporting quarter, Riot Platforms mined 1,406 BTC, which is a 27% increase compared to the same period last year. The average cost of mining one Bitcoin, excluding depreciation, was $46,324, higher than last year’s figure of $35,376. The increase in costs was influenced by a 52% rise in global hash rate, but part of these expenses was offset by energy credits.
Investments in Data Centers and Strategic Development
CEO Jason Les emphasized that Riot Platforms is actively developing its data center segment. The company is investing in infrastructure expansion, including the construction of a campus in Corsicana with a capacity of 112 MW. According to him, Riot Platforms aims to become a multi-faceted data center operator, combining Bitcoin mining with high-performance computing and artificial intelligence workloads.
“The company is moving towards the goal of becoming a multi-faceted data center operator capable of combining Bitcoin mining with high-performance computing and AI workloads,” noted Jason Les.
For the first half of 2025, Riot Platforms reported a net loss of $76.9 million due to significant capital investments in infrastructure and equipment upgrades. However, thanks to a successful third quarter, the company improved its cash position and strengthened its reserves.
Riot Platforms holds nearly 20,000 BTC on its balance sheet—over $2 billion at current rates. This positions the company as the second-largest holder of Bitcoin among miners and seventh among all public companies worldwide.
It was previously reported that the total debt of Bitcoin miners increased by 500% over the year, reaching nearly $13 billion.