Riot Platforms reported its monetary outcomes for the quarter ending September 30, 2025, and the numbers got here in heavy.
The corporate posted $180.2 million in income, up from $84.8 million in the identical quarter final yr.
Riot additionally reported internet revenue of $104.5 million, equal to $0.26 per diluted share, in comparison with a $154.4 million loss or $(0.54) per diluted share in Q3 2024. The shift was pushed primarily by stronger Bitcoin mining income and the present worth of Bitcoin it holds.
Riot stated it produced 1,406 bitcoin within the quarter, up from 1,104 mined in the identical interval final yr. The corporate held 19,287 bitcoin as of September 30, 2025. About 3,300 bitcoin from that complete are getting used as collateral.
Primarily based on a Bitcoin market worth of $114,068 on that date, Riot’s holdings have 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 information middle improvement
Riot stated the expansion this quarter got here alongside main steps in its information middle improvement plan.
CEO Jason Les stated the corporate is shifting forward with the core and shell development of the primary two buildings at its Corsicana information middle campus, which collectively will help 112 megawatts of important IT load when operational.
Les said, “Riot made decisive progress within the improvement of our information middle enterprise this quarter. This progress has culminated in saying at the moment the initiation of the core and shell improvement of the primary two buildings at our Corsicana information middle campus, representing 112 MW of complete important IT capability.”
He stated the corporate reached 4 key achievements this quarter related to the Corsicana enlargement:
- Acquired a brand new 67‑acre land parcel adjoining to the unique website.
- Accomplished the total campus design for Corsicana.
- Accomplished the Foundation of Design that will probably be used as Riot’s customary information middle construct template.
- Continued increasing and staffing its in‑home information middle workforce to help development and scaling.
Les stated these strikes help the corporate’s plan to remodel Riot into a big‑scale information middle operator linked on to its land and energy entry technique.
Mining income will increase whereas value 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 got here from greater common Bitcoin costs and will increase in Riot’s operational hash charge.
The corporate famous, nevertheless, that the common international community hash charge additionally elevated throughout the identical interval, which restricted a few of the income upside.
The common value to mine one bitcoin, excluding depreciation, was $46,324 this quarter, in comparison with $35,376 final yr. Riot linked this rise primarily to a 52% improve within the international community hash charge from final yr.
This was partly offset by a 147% improve in energy credit the corporate obtained in Q3 2025 in comparison with Q3 2024.
Riot reported $19.1 million in engineering income for the quarter, up from $12.6 million in Q3 2024. Since buying ESS Metron in December 2021, the corporate stated it has achieved $23.0 million in capex financial savings tied on to that acquisition.
Riot additionally reported Non‑GAAP Adjusted EBITDA of $197.2 million, which features a $133.1 million acquire on Bitcoin held on its stability sheet.
