Riot Platforms has published its financial results for Q1 2025, recording record revenues of 161.4 million dollars, a +103.5% from the previous quarter. Of these, 71.5 million dollars come directly from Bitcoin mining.
Riot: record revenues in Q1 2025 with $71.5 million from Bitcoin mining
Riot Platforms, one of the largest publicly traded Bitcoin mining companies, announced that it recorded record revenues in the first quarter of 2025 (Q1 2025).
Riot Platforms reports the financial results for the first quarter of 2025 and the current operational and financial data. Riot records a total revenue of 161.4 million dollars and a deployed Hash Rate of 33.7 EH/s. “Riot has made strong progress on a number of key financial and strategic initiatives during the first quarter of 2025, which I am excited to announce today,” said @JasonLes_, CEO of Riot. “In this quarter, we achieved a new record for quarterly revenues, amounting to 161.4 million dollars, thanks to the significant work our teams have done in previous years, including the multi-year development of the first phase of our Corsicana facility, the significant expansion of our hash rate, and the further improvement of our operational efficiency.”
In practice, it seems that Riot recorded revenues of 161.4 million dollars in Q1 2025, of which 71.5 million dollars came directly from Bitcoin mining activity.
In general, this is an increase of +103.5% compared to the previous quarter. A great result for the company, which, however, seems to have also recorded losses due to the transition toArtificial Intelligence (AI).
Riot and the record revenues Q1 2025 thanks to Bitcoin mining
As anticipated by Jason Les, CEO of Riot Platforms, the new result is the result of progress on a series of financial and strategic initiatives implemented by the company during this period.
In fact, speaking of Bitcoin mining, the month of January 2025 had already proven to be very complex for the sector, leading many companies to reduce their production.
In this difficult period, Riot seems to have demonstrated remarkable resilience, standing out from the negative context. In fact, unlike other operators, Riot Platforms has benefited from a energy management strategy that has allowed it to optimize electricity consumption without significantly compromising production.
Specifically, Riot would have reduced the impact of energy fluctuations, improving the overall efficiency of Bitcoin mining operations. This has allowed the company to balance operational costs with production profitability.
In addition to mining, however, Riot announced in this Q1 2025 the expansion of its operations also in the AI and high-performance computing (HPC) sector.
A true diversification of activities that saw the company appoint three new members to the Board of Directors in February: Michael Turner, Jaime Leverton, and Doug Mouton.
The price of BTC
In the meantime, the queen of crypto Bitcoin (BTC) continues to ride the bull trend. At the time of writing, BTC is worth $96,745.
BTC is in pump by +4% compared to seven days ago and by +15% compared to a month ago, when it was worth around 85,000$.
Recently, there has been talk of the evident bull run of Bitcoin’s price towards the fabled psychological threshold of $100,000.
