Bitcoin miner Riot Platforms' 2025 revenue rises

Riot Platforms

02/03/2026 21:08

Overview

Bitcoin-driven data center developer's 2025 revenue rose but missed analyst expectations

Company mined 5,686 bitcoin in 2025, up from 4,828 in 2024

Company's strategic land acquisitions improved Corsicana and Rockdale sites

Outlook

Riot plans to aggressively scale its infrastructure footprint

Company aims to expand data center development with AMD partnership

Result Drivers

BITCOIN MINING REVENUE - Revenue increase driven by $255.3 million rise in Bitcoin Mining revenue due to higher bitcoin prices and operational hash rate

COST TO MINE - Cost to mine bitcoin rose due to 47% increase in global network hash rate, partially offset by higher power credits

Company press release: ID:nGNX2CB9D6

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
FY Revenue
Miss
$647.4 mln
$656.14 mln (18 Analysts)

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 19 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the blockchain & cryptocurrency peer group is "buy"

Wall Street's median 12-month price target for Riot Platforms Inc is $28.00, about 71.9% above its February 27 closing price of $16.29

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)