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 2025, up 72% from $376.7 million a year earlier.
In a Monday announcement, the company said the increase was driven by a $255.3 million jump in Bitcoin (BTC) mining revenue, which reached $576.3 million in 2025 amid a rise in operational hashrate 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 one 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 hashrate, which increased 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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