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Mar 31
Riot Q1 2025 Earnings Report
Estimated Revenue:$160M
+72.1% YoY
Estimated EPS:-$0.195
42.9% YoY
Key Takeaways
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.
Achieved record quarterly revenue of $161.4 million in Q1 2025.
Made significant progress on the development of their AI/HPC data center business.
Acquired Rhodium’s mining operations at the Rockdale Facility, repurposing power capacity for self-mining and eliminating legacy contract losses.
Continued development of the Corsicana Facility, including acquiring additional land, enhancing connectivity, and expanding water access.
Riot
Riot
Forward Guidance
Riot is focused on developing its AI/HPC data center business, with the Corsicana site being a key asset. The company is increasing power capacity and improving infrastructure at the site.
Positive Outlook
- Substation construction at Corsicana expected to bring 1.0 GW of power capacity online.
- Acquisition of additional development land near Corsicana Facility.
- Enhancing connectivity through new fiber lines.
- Expanding water access on site.
- Altman Solon feasibility study highlighted attractiveness of Corsicana site for data center tenants.
Challenges Ahead
- Substation completion not expected until early 2026.
- Actual results may differ materially from forward-looking statements due to various risks and uncertainties.
- Competition in the markets in which the Company operates.
- Company's ability to successfully deploy new miners.
- The variance in our mining pool rewards may negatively impact our results of Bitcoin production.
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Key Statistics
Market Cap
$5.09B
P/E Ratio
-12.07
Sector
Technology Services
Industry
Information Technology Services
52-Week High
$16.4
52-Week Low
$6.27
1.53K
Deployed Hash Rate (EH/s)
33.7
Cost to Mine Bitcoin (Excl. Dep.)
$43.8K
Cost to Mine Bitcoin (Incl. Dep.)
$81.1K
Power Curtailment Credits
$7.8M