Riot Platforms Sees Revenue Surge in Q3, Expands Data Center Operations

Riot Platforms, Inc. (NASDAQ: RIOT), a leader in Bitcoin mining and data center development, has reported a substantial increase in revenue for the third quarter of 2025, according to riotplatforms.com. The company announced a record quarterly revenue of $180.2 million, marking a significant rise from $84.8 million in the same period last year.

Financial Highlights

The impressive financial results are largely attributed to a $93.3 million surge in Bitcoin mining revenue, as Riot mined 1,406 bitcoins during the quarter compared to 1,104 bitcoins in Q3 2024. Net income for the quarter reached $104.5 million, equating to $0.26 diluted EPS, a stark contrast to a net loss of $154.4 million in the previous year. Adjusted EBITDA also grew substantially, reaching $197.2 million.

The company’s operational success is further underscored by its strong balance sheet, with working capital of $170 million, including $330.7 million in unrestricted cash and $75.6 million in restricted cash. Riot currently holds 19,287 bitcoins, valued at approximately $2.2 billion as of September 30, 2025.

Strategic Developments

In addition to financial achievements, Riot Platforms is advancing its data center operations. The company announced the initiation of 112 MW of core and shell development at its Corsicana data center campus. This expansion is supported by strategic acquisitions and design completions, aiming to transform Riot into a multi-faceted data center operator.

CEO Jason Les highlighted the acquisition of an additional 67-acre parcel adjacent to the Corsicana site and the completion of the campus design as pivotal developments. These moves are part of Riot’s strategy to maximize the value of its land and power assets, positioning the company as a leading digital infrastructure provider.

Market Context

Riot’s expansion comes amid a growing demand for high-density computing and data center capabilities. The company is leveraging its vertically integrated strategy, encompassing Bitcoin mining, engineering, and large-scale data center projects, to meet this demand. This approach not only enhances Riot’s operational capacity but also aligns with its vision to empower the future of digital infrastructure.

The broader market for Bitcoin and digital infrastructure continues to evolve, with increasing interest in sustainable and efficient mining operations. Riot’s ongoing developments and financial performance indicate its readiness to capitalize on these trends, further solidifying its position in the industry.

For more detailed information, visit Riot Platforms’ official website.

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