Riot Platforms has announced its 2025 financial results, revealing a record annual revenue of $647.4 million, a significant increase from $376.7 million in 2024. The Bitcoin mining company, which is transitioning into a provider of AI and high-performance computing infrastructure, produced 5,686 Bitcoins in 2025, up from 4,828 the previous year. Riot currently holds over 18,000 Bitcoins. Despite a rise in the average cost of Bitcoin mining from $32,216 in 2024 to $49,645 in 2025, the company's mining revenue surged to $576.3 million, up from $321 million, driven by record-high Bitcoin prices. This financial performance underscores Riot's strategic shift and its impact on revenue growth.