Riot reports record $647M revenue in 2025 as other Bitcoin miners struggle

Riot Platforms posted record 2025 revenue of $647 million, driven by $576 million in Bitcoin mining revenue, while holding 18,005 BTC worth $1.6 billion.

Riot Platforms posted record annual revenue of $647.4 million for the past year, up 72% from $376.7 million a year earlier.

In a Monday announcement, the company said the increase was primarily driven by a $255.3 million jump in Bitcoin (BTC) mining revenue, which reached $576.3 million in 2025 amid a rise in operational hash rate and higher average Bitcoin prices. During the year, Riot produced 5,686 Bitcoin, up from 4,828 BTC in 2024.

The average cost to mine 1 Bitcoin, excluding depreciation, climbed to $49,645 from $32,216 in 2024. Riot attributed the higher cost largely to a 47% increase in the global network hash rate, which raised mining difficulty. That impact was partly offset by a 68% increase in power credits received during the year, the company said. Engineering revenue also rose, reaching $64.7 million compared with $38.5 million in 2024.

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