the Bitcoin mining company reports revenues of $161.4 million in Q1 2025
The post the Bitcoin mining company reports revenues of $161.4 million in Q1 2025 appeared on BitcoinEthereumNews.com. Riot Platforms has published its financial results for Q1 2025, recording record revenues of 161.4 million dollars, a +103.5% from the previous quarter. Of these, 71.5 million dollars come directly from Bitcoin mining. Riot: record revenues in Q1 2025 with $71.5 million from Bitcoin mining Riot Platforms, one of the largest publicly traded Bitcoin mining companies, announced that it recorded record revenues in the first quarter of 2025 (Q1 2025). Riot Platform announces its record financial results in Q1 2025 Riot Platforms reports the financial results for the first quarter of 2025 and the current operational and financial data. Riot records a total revenue of 161.4 million dollars and a deployed Hash Rate of 33.7 EH/s. “Riot has made strong progress on a number of key financial and strategic initiatives during the first quarter of 2025, which I am excited to announce today,” said @JasonLes_, CEO of Riot. “In this quarter, we achieved a new record for quarterly revenues, amounting to 161.4 million dollars, thanks to the significant work our teams have done in previous years, including the multi-year development of the first phase of our Corsicana facility, the significant expansion of our hash rate, and the further improvement of our operational efficiency.” In practice, it seems that Riot recorded revenues of 161.4 million dollars in Q1 2025, of which 71.5 million dollars came directly from Bitcoin mining activity. In general, this is an increase of +103.5% compared to the previous quarter. A great result for the company, which, however, seems to have also recorded losses due to the transition toArtificial Intelligence (AI). Riot and the record revenues Q1 2025 thanks to Bitcoin mining As anticipated by Jason Les, CEO of Riot Platforms, the new result is the result of progress on a series of financial and strategic initiatives implemented…
The post the Bitcoin mining company reports revenues of $161.4 million in Q1 2025 appeared on BitcoinEthereumNews.com.
Riot Platforms has published its financial results for Q1 2025, recording record revenues of 161.4 million dollars, a +103.5% from the previous quarter. Of these, 71.5 million dollars come directly from Bitcoin mining. Riot: record revenues in Q1 2025 with $71.5 million from Bitcoin mining Riot Platforms, one of the largest publicly traded Bitcoin mining companies, announced that it recorded record revenues in the first quarter of 2025 (Q1 2025). Riot Platform announces its record financial results in Q1 2025 Riot Platforms reports the financial results for the first quarter of 2025 and the current operational and financial data. Riot records a total revenue of 161.4 million dollars and a deployed Hash Rate of 33.7 EH/s. “Riot has made strong progress on a number of key financial and strategic initiatives during the first quarter of 2025, which I am excited to announce today,” said @JasonLes_, CEO of Riot. “In this quarter, we achieved a new record for quarterly revenues, amounting to 161.4 million dollars, thanks to the significant work our teams have done in previous years, including the multi-year development of the first phase of our Corsicana facility, the significant expansion of our hash rate, and the further improvement of our operational efficiency.” In practice, it seems that Riot recorded revenues of 161.4 million dollars in Q1 2025, of which 71.5 million dollars came directly from Bitcoin mining activity. In general, this is an increase of +103.5% compared to the previous quarter. A great result for the company, which, however, seems to have also recorded losses due to the transition toArtificial Intelligence (AI). Riot and the record revenues Q1 2025 thanks to Bitcoin mining As anticipated by Jason Les, CEO of Riot Platforms, the new result is the result of progress on a series of financial and strategic initiatives implemented…
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