Riot Platforms, Inc. ( (RIOT) ) has released its Q3 earnings. Here is a breakdown of the information Riot Platforms, Inc. presented to its investors.
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Riot Platforms, Inc., a leader in Bitcoin mining and data center development, operates large-scale facilities in Texas and Kentucky, and is expanding its data center capabilities to support high-density computing demands.
Riot Platforms reported a record quarterly revenue of $180.2 million for the third quarter of 2025, with a significant net income of $104.5 million. The company announced strategic advancements in its data center business, including the initiation of a 112 MW data center campus.
Key financial highlights include a substantial increase in Bitcoin mining revenue to $160.8 million, driven by higher bitcoin prices and operational hash rate. The company produced 1,406 bitcoins, and despite a rise in mining costs, it benefited from increased power credits. Engineering revenue also saw growth, contributing to the company’s overall financial success.
Riot’s strong financial position is underscored by $170 million in working capital and $330.7 million in unrestricted cash. The company holds 19,287 bitcoins, valued at approximately $2.2 billion. Riot’s strategic focus on expanding its data center operations aims to maximize the value of its assets and strengthen its role in the digital economy.
Looking ahead, Riot Platforms remains committed to enhancing its data center capabilities and leveraging its unique assets to support the growing demand for digital infrastructure, positioning itself as a key player in the evolving digital landscape.