Riot Earnings Reports

Riot Platforms achieved record quarterly revenue of $161.4 million in Q1 2025, driven by expansion at their Corsicana Facility and increased hash rate. The company also made significant progress on its AI/HPC data center business and acquired Rhodium's mining operations, eliminating associated operating losses and litigation expenses.

Riot Platforms delivered robust financial results in Q4 2024, driven by increased Bitcoin mining revenue and a strong balance sheet. Despite lower Bitcoin production due to increased network difficulty, the company benefited from higher Bitcoin prices and an improved cost structure. Riot maintained industry-leading financial stability, ending the year with significant cash reserves and Bitcoin holdings.

Riot Platforms reported $84.8 million in total revenue for Q3 2024, a 65% increase compared to Q3 2023. The company produced 1,104 Bitcoin, in line with the previous year, despite the halving event. Riot maintained a strong financial position with approximately $1.3 billion in cash, restricted cash, marketable equity securities, and Bitcoin holdings.

Riot Platforms reported $70.0 million in total revenue for Q2 2024, with a decrease primarily driven by a $9.7 million decrease in Engineering revenues offset by a $6 million increase in Bitcoin Mining revenue. The company's deployed hash rate grew to 22.0 EH/s as of June 30, 2024. Riot also acquired Block Mining Inc. to expand growth pipeline and operational expertise.

Riot Platforms reported a strong first quarter in 2024, marked by record net income and earnings per share. The company also energized its new Corsicana Facility, expected to be the world's largest dedicated Bitcoin mining facility upon full development.

Riot Platforms reported record full-year 2023 results, including $280.7 million in total revenue, 6,626 Bitcoin produced, and a hash rate capacity of 12.4 EH/s. The company also earned $71.2 million in power credits and maintained a strong financial position with $597.2 million in cash on hand.

Riot Platforms reported a total revenue of $51.9 million, mined 1,106 Bitcoin, and achieved a new all-time record hash rate capacity of 10.9 EH/s. The company's power strategy drove down the average cost to mine to negative $6,141 per Bitcoin. Riot finished the quarter with $290 million in cash on hand and 7,327 Bitcoin, representing a combined total of nearly $500 million in liquidity.

Riot Platforms reported a revenue of $76.7 million, a rise from $72.9 million in the same period last year. The increase was primarily driven by a 27% increase in Bitcoin production. The company produced 1,775 Bitcoin during the quarter, up from 1,395 in the same period of 2022, and maintained a strong financial position with $289.2 million in cash on hand.

Riot Platforms reported a total revenue of $73.2 million for Q1 2023, a decrease compared to Q1 2022 due to lower Bitcoin prices. However, the company achieved record Bitcoin production of 2,115 and a hash rate capacity of 10.5 EH/s. The company is nearing completion of miner deployment at its Rockdale Facility and is working to enhance operating efficiency.

Riot Blockchain, Inc. reported financial results for the three-month period ended June 30, 2022, with key financial highlights including mining revenue in excess of mining cost of revenues of $28.2 million and power curtailment credits totaling approximately $5.7 million. The company reported a net loss for the quarter ended June 30, 2022, was $(366.3) million, or $(2.81) per share.

Riot Blockchain reported record financial results for the year ended December 31, 2021, with significant increases in mining revenue and hash rate. The company is well-positioned for future growth with low-cost infrastructure and a strong balance sheet.

Riot Blockchain reported record third quarter financial results, driven by increases in the price of Bitcoin and the deployment of new generation miners. The company's mining revenue margin was $40.6 million, and adjusted EBITDA was $37.6 million.

Riot Blockchain reported increased revenues and decreased SG&A expenses excluding stock-based compensation for the quarter ended March 31, 2020, as compared to the same period last year. The company also improved its liquidity position and increased total stockholder’s equity compared to December 31, 2019.