Riot Platforms posts Q1 loss, beats revenue estimates

Riot Platforms reached a record revenue of 161.4 million USD in Q1 2025, surpassing Wall Street estimates by 1%.

Despite revenue growth, the company reported a net loss of 296,367 USD due to a 90% increase in Bitcoin mining costs to 43,808 USD.

Riot produced 166 more Bitcoins in Q1 2025 compared to the same quarter in 2024, contributing to an estimated value of 16.13 million USD at current Bitcoin prices.