Riot Platforms Q1 Results: Revenue Up, Bitcoin Mining Doubles

Posted: 2025-05-04 02:09:30 UTC

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2025-05-04 02:09:45 UTC

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Riot Platforms reported mixed Q1 results with revenue slightly above estimates, driven by increased Bitcoin mining income.

Revenue increased 13% quarter-over-quarter to $161.4 million.

Bitcoin mining income doubled year-over-year, reaching $142.9 million.

Improved operations contributed to increased mining income.