Riot Platforms Inc.

Riot Platforms, Inc., along with its subsidiaries, operates as a Bitcoin mining company in the United States. The business is organized into two main segments: Bitcoin Mining and Engineering. It provides essential infrastructure and services that support bitcoin mining operations, including data center facilities designed for large-scale mining activities.

• CEO Statement- Riot produced 5,686 Bitcoin in 2025, reflecting strong operational growth compared with the previous year, as expanded mining capacity and improved infrastructure allowed the company to increase output despite rising network difficulty and competition. 

• The company strengthened its financial position by holding 18,005 Bitcoin and over $309 million in cash, providing substantial liquidity and resources to support continued infrastructure expansion and long-term development of its mining and data center operations. 

• Riot achieved strong operational performance in fiscal year 2025, producing 5,686 bitcoins while maintaining high efficiency, supported by an average hash rate capacity above 30 EH/s and utilization levels averaging approximately 87 percent. 

• Bitcoin mining generated the majority of Riot’s revenue in 2025, reaching about $576.3 million, with a gross profit of roughly $294 million, representing the highest annual mining revenue and profitability recorded by the company. 

• The company’s cost to mine one bitcoin in fiscal year 2025 averaged around $49,645, reflecting fluctuations throughout the year but demonstrating the impact of Riot’s power strategy and relatively low electricity costs. 

• Riot’s operational efficiency improved significantly as hash rate utilization increased from approximately 70 percent in 2024 to around 87 percent in 2025, indicating stronger infrastructure performance and more consistent use of available mining capacity. 

• Industry conditions influenced mining economics, including changes in the average network hash rate and hash price, yet Riot maintained competitive margins through scale expansion, infrastructure optimization, and efficient energy management strategies. 

Acrobull Recommendation Based on Evaluation