Riot Platforms Shifts Focus to AI Data Centers Despite BTC Growth
Riot Platforms reported a record quarterly revenue of $180.2 million in Q3, up 112.5% from the same period in 2024. Net income reached $104.5 million compared to a net loss of $154.4 million the previous year. The company mined 1,406 BTC during the quarter, representing a 27% year-over-year increase in Bitcoin production, bringing total holdings to 19,287 BTC worth over $2.1 billion.
