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The American mining firm Riot Platforms has reported record financial results for the year 2025. The company’s revenue reached $647.4 million, compared to $376.7 million the previous year.
The company highlighted that the primary driver of growth was the increase in earnings from Bitcoin mining, which amounted to $576.3 million.
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“The year 2025 marked a turning point for Riot, representing a strategic evolution of our business that has reshaped our future trajectory,” stated Riot Platforms.
The company’s business model is gradually expanding beyond traditional mining of the leading cryptocurrency. Riot has entered into an agreement with AMD for data center leasing, which is already generating additional revenue for the company.
“This partnership underscores our ability to rapidly provide large-scale energy capacities for leading technology companies around the globe,” representatives from Riot remarked.
Currently, the company holds 18,005 BTC, with an average production cost of just over $49,600 per coin, despite a 47% increase in global hash rate.
The company also noted that the traditional Bitcoin mining model is gradually evolving, as miners increasingly shift from accumulating cryptocurrency to servicing infrastructure for high-performance data centers and artificial intelligence systems.
Earlier, experts from the investment firm Capriole Investments reported that in January, the average costs for mining companies to produce one Bitcoin reached $74,300.
