Riot Platforms Reports Full Year 2025 Financial Results and Strategic Highlights

About this update from Riot Platforms, Inc.

Record annual revenue of $647.4 million with 5,686 bitcoin minedImproved positioning of Corsicana and Rockdale sites through strategic land acquisitionsData center lease with AMD operational CASTLE ROCK, Colo., March 02, 2026 (GLOBE NEWSWIRE) -- Riot Platforms, Inc. (NASDAQ: RIOT) (“Riot” or “the Company”), a Bitcoin-driven industry leader in the development of large-scale data centers and bitcoin mining applications, reported financial results for the twelve-month period ended December 31, 2025. The accompanying presentation materials are available on Riot’s website. “2025 marked a watershed year for Riot, defined by a strategic evolution in our business that has transformed our future trajectory,” said Jason Les, CEO of Riot. “By unlocking our large, nearly two-gigawatt power portfolio for high-demand data center infrastructure, we are driving significant shareholder value. “This strategy is already delivering results with our strategic partner, AMD. We have successfully commenced operations on the first phase of the lease with AMD, generating revenue for Riot, as of January 2026. This partnership validates our unique ability to rapidly deliver power capacity at scale for the world’s leading technology companies. “With proven development expertise, a world-class asset base of readily available power in key data center markets, and over $1.9 billion in liquidity, we are uniquely equipped to aggressively scale our infrastructure footprint. Supported by record annual revenue of $647 million and $302 million in gross profit, Riot has never been in a stronger position. I am incredibly excited about our momentum as we build the next generation of digital infrastructure.” Full Year 2025 Financial and Operational Highlights Key financial and operational highlights for the year include: Total revenue of $647.4 million, as compared to $376.7 million for the same twelve-month period in 2024. The increase was primarily driven by a $255.3 million increase in Bitcoin Mining revenue.Produced 5,686 bitcoin, as compared to 4,828 during the same twelve-month period in 2024.The average cost to mine bitcoin, excluding depreciation, was $49,645 in the year, as compared to $32,216 per bitcoin in the same twelve-month period in 2024. The increase was primarily driven by a 47% increase in the average global network hash rate as compared to the same period in 2024, partially of...

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