Riot Platforms reported its monetary outcomes for the quarter ending September 30, 2025, and the numbers had been excessive.
The corporate posted income of $180.2 million, up from $84.8 million in the identical quarter final yr.
Riot additionally reported web earnings of $104.5 million, equal to $0.26 per diluted share, in comparison with a lack of $154.4 million or ($0.54) per diluted share within the third quarter of 2024. The change was primarily pushed by increased Bitcoin mining income and the present worth of Bitcoin it holds.
Riot mentioned it produced 1,406 bitcoins within the quarter, up from 1,104 mined in the identical interval final yr. The corporate had 19,287 bitcoins as of September 30, 2025. Roughly 3,300 bitcoins of that complete are getting used as collateral.
Primarily based on a Bitcoin market worth of $114,068 on that date, Riot’s holdings had been valued at round $2.2 billion. The corporate additionally ended the quarter with $170.0 million in working capital, $330.7 million in unrestricted money, and $75.6 million in restricted money.
Riot expands knowledge middle growth
Riot mentioned this quarter’s development got here alongside necessary steps in its knowledge middle growth plan.
CEO Jason Les mentioned the corporate is shifting ahead with building of the core and shell of the primary two buildings at its Corsicana knowledge middle campus, which collectively will assist 112 megawatts of important IT load when operational.
Les acknowledged: “Riot made decisive progress in growing our knowledge middle enterprise this quarter. This progress culminated in right now’s announcement of the beginning of core and shell growth of the primary two buildings at our Corsicana knowledge middle campus, representing 112 MW of complete important IT capability.”
He mentioned the corporate achieved 4 key milestones this quarter associated to the Corsicana enlargement:
- Acquired a brand new 67-acre parcel of land adjoining to the unique website.
- The complete design of the Corsicana campus has been accomplished.
- The design base that will likely be used as the development template for Riot’s normal knowledge middle has been accomplished.
- It continued to broaden and workers its inner knowledge middle group to assist building and scaling.
He instructed them that these strikes assist the corporate’s plan to rework Riot right into a large-scale knowledge middle operator linked on to its land and power entry technique.
Mining revenues rise as price pressures proceed
The corporate reported $160.8 million in Bitcoin mining income, up from $67.5 million in the identical quarter in 2024. The rise was resulting from increased common Bitcoin costs and will increase in Riot’s working hash price.
Nevertheless, the corporate famous that the worldwide community’s common hash price additionally elevated throughout the identical interval, limiting a few of the income development.
The typical price of mining one bitcoin, excluding depreciation, was $46,324 this quarter, in comparison with $35,376 final yr. Riot linked this improve primarily to a 52% improve within the world community’s hash price from final yr.
This was partially offset by a 147% improve in power credit the corporate obtained within the third quarter of 2025 in comparison with the third quarter of 2024.
Riot reported $19.1 million in engineering income for the quarter, up from $12.6 million within the third quarter of 2024. Since buying ESS Metron in December 2021, the corporate mentioned it has achieved capital funding financial savings of $23.0 million tied on to that acquisition.
Riot additionally reported non-GAAP adjusted EBITDA of $197.2 million, which features a $133.1 million achieve on Bitcoin held on its stability sheet.
