Bitcoin miner Riot Platforms' 2025 revenue rises
Overview
Bitcoin-driven data center developer's 2025 revenue rose but missed analyst expectations
Company mined 5,686 bitcoin in 2025, up from 4,828 in 2024
Company's strategic land acquisitions improved Corsicana and Rockdale sites
Outlook
Riot plans to aggressively scale its infrastructure footprint
Company aims to expand data center development with AMD partnership
Result Drivers
BITCOIN MINING REVENUE - Revenue increase driven by $255.3 million rise in Bitcoin Mining revenue due to higher bitcoin prices and operational hash rate
COST TO MINE - Cost to mine bitcoin rose due to 47% increase in global network hash rate, partially offset by higher power credits
Company press release: ID:nGNX2CB9D6
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
FY Revenue | Miss | $647.4 mln | $656.14 mln (18 Analysts) |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 19 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the blockchain & cryptocurrency peer group is "buy"
Wall Street's median 12-month price target for Riot Platforms Inc is $28.00, about 71.9% above its February 27 closing price of $16.29
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