Business UpdateApr 30, 2026, 04:59 PM
RIOT 2025 Revenue $647.4M; Expands Data Center Business
AI Summary
Riot Platforms reported record revenue of $647.4 million in 2025, driven by improved Bitcoin mining efficiency and the completion of Phase I at its Corsicana Facility. The company is strategically evolving into a digital infrastructure platform, leveraging its power assets for non-mining data center applications. Key initiatives include the acquisition of the Rockdale Facility land and a long-term data center lease agreement with AMD, initially for 25 MW and expandable to 150 MW. The Board also approved a phased declassification to annual director elections by 2029.
Key Highlights
- RIOT generated record revenue of $647.4 million in 2025.
- Mined 5,686 Bitcoin in 2025 with 38.5 EH/s hash rate capacity.
- Acquired the 200-acre Rockdale Facility land in January 2026.
- Executed 10-year data center lease with AMD for 25 MW, expandable to 150 MW.
- AMD exercised 25 MW expansion option in April 2026, totaling 50 MW contracted.
- Secured a $200 million revolving credit facility with Coinbase Credit, Inc.
- Board approved phased declassification to annual director elections by 2029.
- Welcomed three new independent directors in early 2025.