Riot Platforms reported record net income of $219.5 million and record adjusted EBITDA of $495.3 million for the second quarter of 2025. The company's total revenue for the quarter reached $153.0 million.
The company's strategy centers on optimizing its ready-for-service power portfolio, anchored by its Rockdale and Corsicana facilities. Riot is progressively shifting capacity toward high-value data centers, bolstered by recent hires with hyperscale expertise, including Jonathan Gibbs as Chief Data Center Officer.
Riot emphasized its strong balance sheet and access to capital markets, positioning it to capitalize on surging high-performance computing demand and Bitcoin growth. The company aims to maximize utilization of its significant power capacity, expand thoughtfully, and drive long-term shareholder value.
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