Riot Platforms has announced record-breaking financial results for the third quarter of 2025, reporting a net profit of $104.5 million. The result offset earlier losses and marked one of the strongest quarters in the company’s history.According to a report published on October 30, 2025, Riot’s revenue soared to $180.2 million, more than doubling from $84.8 million during the same period last year. The primary driver behind this surge was a sharp increase in Bitcoin mining revenue, which reached $93.3 million.During the quarter, Riot mined 1,406 BTC, up 27% from Q3 2024, underscoring its growing efficiency and scale in the competitive mining sector.Rising Costs and Expanding InfrastructureThe company reported that its average cost of mining, excluding depreciation, climbed to $46,324 per Bitcoin, compared with $35,376 last year. Riot attributed part of the increase to a 52% rise in global network hashrate, which drove up overall costs, though energy credits helped offset the impact.CEO Jason Les highlighted that Riot is channeling profits into strategic data center expansion — including the 112 MW Corsicana campus, designed to host both Bitcoin mining and high-performance computing (HPC) for artificial intelligence workloads. Les said the company is aiming to become a “multi-service data center operator”, blending blockchain and AI infrastructure.Earlier in 2025, Riot posted a net loss of $76.9 million due to heavy capital investments in infrastructure and equipment. However, the company ended Q3 with a solid cash position and strong Bitcoin reserves, signaling a robust turnaround.Nearly 20,000 BTC in HoldingsRiot currently holds around 20,000 BTC, valued at over $2 billion at current market prices. This makes Riot the second-largest Bitcoin holder among mining firms and the seventh-largest among all public companies.Industry reports earlier this year noted that Bitcoin miners’ total debts rose by 500% over the past year, reaching nearly $13 billion — but Riot’s profitable rebound and growing reserves may set it apart from competitors heading into 2026.Riot Platforms has announced record-breaking financial results for the third quarter of 2025, reporting a net profit of $104.5 million. The result offset earlier losses and marked one of the strongest quarters in the company’s history.According to a report published on October 30, 2025, Riot’s revenue soared to $180.2 million, more than doubling from $84.8 million during the same period last year. The primary driver behind this surge was a sharp increase in Bitcoin mining revenue, which reached $93.3 million.During the quarter, Riot mined 1,406 BTC, up 27% from Q3 2024, underscoring its growing efficiency and scale in the competitive mining sector.Rising Costs and Expanding InfrastructureThe company reported that its average cost of mining, excluding depreciation, climbed to $46,324 per Bitcoin, compared with $35,376 last year. Riot attributed part of the increase to a 52% rise in global network hashrate, which drove up overall costs, though energy credits helped offset the impact.CEO Jason Les highlighted that Riot is channeling profits into strategic data center expansion — including the 112 MW Corsicana campus, designed to host both Bitcoin mining and high-performance computing (HPC) for artificial intelligence workloads. Les said the company is aiming to become a “multi-service data center operator”, blending blockchain and AI infrastructure.Earlier in 2025, Riot posted a net loss of $76.9 million due to heavy capital investments in infrastructure and equipment. However, the company ended Q3 with a solid cash position and strong Bitcoin reserves, signaling a robust turnaround.Nearly 20,000 BTC in HoldingsRiot currently holds around 20,000 BTC, valued at over $2 billion at current market prices. This makes Riot the second-largest Bitcoin holder among mining firms and the seventh-largest among all public companies.Industry reports earlier this year noted that Bitcoin miners’ total debts rose by 500% over the past year, reaching nearly $13 billion — but Riot’s profitable rebound and growing reserves may set it apart from competitors heading into 2026.