Bitcoin Miner Riot Platforms Reports Q1 Results, Shares Slide

Benzinga

Riot Platforms reported first-quarter revenue of $161.4 million, beating estimates, but posted a loss of 90 cents per share. Total revenue rose from $79.3 million a year ago, driven largely by a $71.5 million increase in Bitcoin mining revenue. CEO Jason Les said the company made strong financial and strategic progress in the first quarter 2025. The company reported significant progress on its AI/HPC data center business during the quarter, aiming to attract customers by acquiring more land and improving site infrastructure. Construction is expected to finish by early 2026.

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00:00It's Benzinga bringing Wall Street to Main Street.

00:02Riot Platform has reported first quarter revenue of $161.4 million,

00:06beating estimates but posted a loss of $0.90 per share.

00:09The revenue rose from $79.3 million a year ago,

00:12driven largely by a $71.5 million increase in Bitcoin money revenue.

00:16CEO Jason Less said the company made strong financial

00:19and strategic progress in the first quarter of 2025.

00:23The company reported significant progress on its AI HPC data center business

00:26during the quarter, aiming to attract customers by acquiring more land

00:30and improving site infrastructure.

00:32The structure is expected to finish by early 2026.

00:35For all things money, visit Benzinga.com slash GSTV.

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