Riot Platforms Shares Climb as Q3 Earnings Beat Estimates on Record Revenue

Riot Platforms reported a surprising net income of $104.5 million for Q3 2025, a significant turnaround from a loss of $154.4 million the previous year. This profit, which translates to 26 cents per diluted share, surpassed expectations, as analysts had predicted a 12 cent loss. The company's revenue also soared to $180.2 million, more than doubling from last year's quarter, fueled by a $93 million increase in bitcoin mining revenue. Riot mined 1,406 bitcoins in the quarter, with an average production cost of $46,324 per coin. Additionally, the company announced a 112 megawatt expansion at its Corsicana, Texas data center, enhancing its position as a prominent data center and bitcoin mining operator. As of September 30, Riot held 19,287 bitcoins valued at approximately $2.2 billion, of which 3,300 were used as collateral.

Source 🔗