TechFlow News, March 3: According to The Block, Bitcoin mining company Riot Platforms announced its fiscal year 2025 results, reporting annual revenue of $647.4 million—up significantly from $376.7 million in FY2024. Last year, the company mined 5,686 bitcoins and currently holds over 18,000 bitcoins. CEO Jason Les stated that the company is transforming into AI and high-performance computing infrastructure through its nearly 2-gigawatt power portfolio and has already begun collaborating with AMD’s data centers as of January 2026.
Although Bitcoin mining costs rose from $32,216 per bitcoin in 2024 to $49,645 per bitcoin in 2025, mining revenue still increased to $576.3 million, benefiting from Bitcoin’s price appreciation. Activist investor Starboard Value estimates the value of this transformation strategy could reach $21 billion.
