Riot Platforms’ miner recorded a net profit of over $104 million for the third quarter of 2025, significantly improving the company’s financial results.
This is reported by Finway
Revenue and Bitcoin Mining Growth
During the reporting period, Riot Platforms’ revenue rose to $180.2 million, more than double the figure from the same quarter last year. The main driver of this growth was revenue from Bitcoin mining, which reached $93.3 million. Throughout the quarter, the company was able to mine 1,406 BTC, a 27% increase compared to the same period in 2024.
The average cost of Bitcoin mining, excluding depreciation, was $46,324, which is $10,948 higher than last year. The increase in costs was influenced by a 52% rise in global hash rate. At the same time, part of these costs was offset by energy credits.
Strategic Development and Market Position
CEO Jason Les emphasized that the company continues to actively invest in expanding its data center business. Riot is building a new campus in Corsicana, which will have a capacity of 112 MW. The company’s goal is to become a “multifaceted data center operator,” combining Bitcoin mining with high-performance computing and artificial intelligence tasks.
“The company is moving towards its goal of becoming a multifaceted data center operator capable of combining Bitcoin mining with high-performance computing and AI workloads,” emphasized Jason Les.
After significant capital investments in infrastructure modernization in the first half of the year, Riot reported a net loss of $76.9 million. However, by the end of the third quarter, the company is showing strong financial performance and retains nearly 20,000 BTC on its balance sheet. This is equivalent to over $2 billion at current rates. Riot remains the second largest holder of Bitcoin among miners and the seventh largest among all public companies in the world.