Earnings summaries and quarterly performance for Riot Platforms.
Executive leadership at Riot Platforms.
JL
Jason Les
Detailed
Chief Executive Officer
CEO
BY
Benjamin Yi
Detailed
Executive Chairman
CY
Colin Yee
Detailed
Executive Vice President, Chief Financial Officer
JC
Jason Chung
Detailed
Executive Vice President, Head of Corporate Development & Strategy
JG
Jonathan Gibbs
Detailed
Chief Data Center Officer
SH
Stephen Howell
Detailed
Chief Operating Officer
WJ
William Jackman
Detailed
Executive Vice President, General Counsel and Corporate Secretary
Board of directors at Riot Platforms.
Research analysts who have asked questions during Riot Platforms earnings calls.
DA
Darren Aftahi
Roth Capital Partners
4 questions for RIOT
Also covers: ALRM, ANTA, APLD +17 more
MG
Mike Grondahl
Lake Street Capital Markets
4 questions for RIOT
Also covers: ABL, ACCS, APLD +34 more
RS
Reginald Smith
JPMorgan Chase & Co.
4 questions for RIOT
Also covers: AFRM, BETR, BFH +8 more
BP
Bill Papanastasiou
Keefe, Bruyette & Woods (KBW)
3 questions for RIOT
Also covers: ARBK, BITF, BLSH +11 more
BK
Brett Knoblauch
Cantor Fitzgerald & Co.
3 questions for RIOT
Also covers: APLD, AVPT, BITF +19 more
GL
Gregory Lewis
BTIG, LLC
3 questions for RIOT
Also covers: BLBD, BTDR, CIFR +26 more
JF
Joseph Flynn
Compass Point Research & Trading, LLC
3 questions for RIOT
Also covers: BITF, CMPO, CORZ +3 more
PG
Paul Golding
Macquarie Capital
3 questions for RIOT
Also covers: CIFR, CLSK, CORZ +11 more
JT
John Todaro
Needham & Company
2 questions for RIOT
Also covers: APLD, BTDR, CAN +12 more
MT
Martin Toner
ATB Capital Markets
2 questions for RIOT
Also covers: BITF, DCBO, GLXY +3 more
Nick Giles
B. Riley Securities
2 questions for RIOT
Also covers: AA, AMR, APLD +25 more
BS
Bin Somers
BTIG
1 question for RIOT
BB
Brian Beaden
Needham & Company, LLC
1 question for RIOT
BD
Brian Dobson
Chardan Capital Markets
1 question for RIOT
Also covers: ABTC, BITF, BTBT +9 more
LP
Lucas Pipes
B. Riley Securities
1 question for RIOT
Also covers: AA, AMR, AMRK +21 more
Michael Colonnese
H.C. Wainwright & Co.
1 question for RIOT
Also covers: BITF, BTDR, BTM +7 more
PM
Patrick Moley
Piper Sandler & Co.
1 question for RIOT
Also covers: BGC, CBOE, CME +17 more
Stephen Glagola
JonesTrading
1 question for RIOT
Also covers: BITF, CLSK, CORZ +5 more
WC
Will Cops
Piper Sandler
1 question for RIOT
Recent press releases and 8-K filings for RIOT.
Riot Platforms Announces CFO Transition and Executive Compensation Changes
RIOT
CFO Change
Executive Compensation
Management Change
- Riot Platforms announced a CFO transition, with Colin Yee stepping down on March 1, 2026, to become a Senior Advisor, and Jason Chung succeeding him as CFO.
- As Senior Advisor, Mr. Yee will receive an annual base fee of $500,000 for the first 12 months, then a monthly base fee of $20,000, and a $2,000,000 RSU award.
- Executive compensation adjustments include CEO Jason Les and Executive Chairman Benjamin Yi's annual base salaries increasing to $900,000 and their Annual Incentive Plan (AIP) target rising to 125%, with the Bitcoin component eliminated.
- CFO Jason Chung's annual base salary increased to $550,000, and COO Stephen Howell's to $500,000.
- The Long-Term Incentive Program (LTIP) was amended to include separate performance and service award agreements, introducing a 100% Total Shareholder Return (TSR) cap for negative absolute TSR. The 2026 AIP was also amended, eliminating the "Bitcoin Yield" metric and adding "Data center revenue" and "Data Center NOI" metrics.
Jan 2, 2026, 10:23 PM
Riot Platforms reports Q3 2025 results and strategic data center expansion
RIOT
Earnings
New Projects/Investments
Revenue Acceleration/Inflection
- Riot Platforms reported record quarterly revenue of $180.2 million, net income of $104.5 million, $0.26 Diluted EPS, and Adjusted EBITDA of $197.2 million for the third quarter of 2025.
- The company initiated the core and shell development of the first two buildings at its Corsicana data center campus, representing 112 MW of critical IT capacity, and acquired an additional 67-acre parcel adjacent to the site.
- Riot held 19,287 bitcoin, equating to approximately $2.2 billion based on a market price of $114,068 per bitcoin on September 30, 2025.
- The average cost to mine bitcoin, excluding depreciation, was $46,324 in Q3 2025.
Oct 30, 2025, 9:00 PM
Riot Reports Q3 2025 Results and Initiates Data Center Development
RIOT
Earnings
New Projects/Investments
Revenue Acceleration/Inflection
- Riot reported Q3 2025 total revenue of $180.2 million, an 18% increase quarter-over-quarter, with net income of $104.5 million or $0.26 per fully diluted share. The company also generated $31 million in power credits, lowering its net cost of power to $0.32 per kilowatt-hour.
- The company initiated core and shell development for the first two buildings at its Corsicana Data Center campus, representing 112 megawatts of critical IT capacity, with construction beginning in Q1 2026 and the first building expected to be completed in Q1 2027. The total expected development cost for these two buildings is $214 million.
- Riot acquired an additional 67 acres of land for $40 million adjacent to its Corsicana site, completing land acquisitions for a planned 1 gigawatt utility-load data center campus. The company's total power portfolio exceeds 1.8 gigawatts, with 1.7 gigawatts located in the Dallas and Austin regions.
- Riot ended Q3 2025 holding 19,287 Bitcoin with a market value of $2.2 billion and $400 million in cash.
Oct 30, 2025, 8:30 PM
Riot Platforms Initiates 112 MW Data Center Development at Corsicana
RIOT
New Projects/Investments
Guidance Update
- Riot Platforms is transforming into a data center developer and operator, announcing the initiation of core and shell development for the first two buildings at its Corsicana Data Center campus, representing 112 megawatts of critical IT capacity.
- Construction for these initial buildings is scheduled to begin in Q1 2026, with the first building expected to be completed in Q1 2027.
- The company acquired an additional 67 acres of land adjacent to its Corsicana site for $40 million, which enables the full utilization of its 1 gigawatt of approved power capacity at Corsicana for data center use.
- The total expected development cost for the core and shell of the first two buildings (112 MW) is $214 million, equating to approximately $1.9 million per IT megawatt.
- Riot's overall power portfolio totals more than 1.8 gigawatts of fully approved capacity, positioning it as a significant data center power provider in North America.
Oct 30, 2025, 8:30 PM
Riot Platforms Reports Strong Q3 2025 Financial Results and Advances Data Center Development
RIOT
Earnings
New Projects/Investments
Revenue Acceleration/Inflection
- Riot Platforms reported Q3 2025 financial results including $180 million in Total Revenue, $104 million in Net Income, and $197 million in Adjusted EBITDA.
- The company initiated Core & Shell development at its Corsicana Data Center campus, representing 112 MW of critical IT load capacity, with a long-term plan to transform the site into a 1 GW utility-load data center campus.
- Bitcoin mining operations produced 1,406 BTC in Q3 2025, with a deployed hash rate of 36.5 EH/s and a cost to mine per Bitcoin of $46,324. The company also generated $31 million in power credits.
- The Engineering segment achieved a record backlog of $159.6 million, with 90% originating from the data center sector, and has realized $23.0 million in cumulative capex savings for Riot since December 2021.
Oct 30, 2025, 8:30 PM
Riot Platforms Initiates Corsicana Data Center Development and Reports Q3 2025 Results
RIOT
New Projects/Investments
Earnings
Revenue Acceleration/Inflection
- Riot Platforms is transforming into a data center developer and operator, initiating the core and shell development of the first two buildings at its Corsicana campus, representing 112 MW of critical IT capacity. Construction is set to begin in Q1 2026, with the first building expected to be completed in Q1 2027.
- The company acquired an additional 67 acres of land adjacent to its Corsicana site for $40 million in September 2025, completing necessary land acquisitions for a planned 1 GW utility-load data center campus. The total expected development cost for the initial 112 MW is $214 million, or approximately $1.9 million per IT MW.
- Riot reported Q3 2025 Bitcoin mining revenue of $160.8 million and a gross profit of $95.7 million, representing a 59% gross profit margin, from producing 1,406 Bitcoin. Bitcoin mining operations are being leveraged to support the ongoing development of the data center platform.
- Total revenue for Q3 2025 increased to approximately $180 million, up 18% quarter-over-quarter, while total SG&A for the quarter was $69.8 million.
Oct 30, 2025, 8:30 PM
Riot Platforms Reports Strong August 2025 Bitcoin Production
RIOT
Revenue Acceleration/Inflection
New Projects/Investments
- Riot Platforms, Inc. produced 477 Bitcoin in August 2025, representing a 48% increase compared to August 2024, and an all-time high for the company in August.
- The company maintained a deployed hash rate of 36.4 EH/s and achieved a low all-in power cost of 2.6 cents per kilowatt-hour in August 2025.
- Riot generated $51.8 million in net proceeds from selling 450 Bitcoin at an average price of $115,035 per Bitcoin during August 2025.
- As of the end of August 2025, Riot held 19,309 Bitcoin, including 3,300 in restricted Bitcoin, and generated $16.1 million in total power credits.
Sep 12, 2025, 1:00 PM
Riot Platforms Announces July 2025 Production and Operations Updates
RIOT
New Projects/Investments
Revenue Acceleration/Inflection
- Riot Platforms produced 484 Bitcoin in July 2025, an 8% increase compared to June 2025.
- The company sold 475 Bitcoin in July 2025, generating $54.8 million in net proceeds, which is a 32% increase in net proceeds from Bitcoin sales month-over-month.
- Total power credits for July 2025 were $13.9 million, a 160% increase from June 2025, contributing to an all-in power cost of 2.8c/kWh.
- Riot acquired an additional 238 acres near its Corsicana, TX operations, bringing its total land ownership in Corsicana to 858 acres for future data center development.
Aug 5, 2025, 1:00 PM
Riot Platforms Announces Q2 2025 Results and Strategic Shift to Data Centers
RIOT
New Projects/Investments
Guidance Update
Earnings
- Riot Platforms is strategically transforming its business to focus on developing a high-performance compute data center segment, aiming to maximize the value of its power portfolio by progressively shifting capacity from Bitcoin mining to data centers. This initiative is the company's top priority.
- The company reported strong financial results for Q2 2025, with Bitcoin mining revenue of $140.9 million and a gross profit of $71 million (50% margin). Its Bitcoin mining business achieved a run rate EBITDA of $45.6 million, representing a 32% margin.
- Riot maintains a robust financial position, ending Q2 2025 with over 19,000 Bitcoin and $330 million in cash, providing $2.4 billion in liquidity to fund its strategic growth initiatives.
- Key progress in the data center strategy includes the hiring of Jonathan Gibbs as Chief Data Center Officer and the expansion of its Corsicana site footprint to 858 acres for future development. The basis of design for data centers is expected to be completed by the end of Q3 2025.
- Riot is raising its Q4 2025 hash rate forecast to 40 ExaHash and providing an initial Q1 2026 forecast of 45 ExaHash, reflecting continued operational growth in mining alongside the data center pivot.
Aug 1, 2025, 9:41 PM
Riot Platforms Announces June 2025 Production and Operations Updates
RIOT
Earnings
New Projects/Investments
Hiring
- Riot Platforms produced 450 Bitcoin in June 2025.
- The company sold 397 Bitcoin in June 2025, generating $41.7 million in net proceeds at an average net price of $105,071 per Bitcoin.
- Riot's total deployed hash rate was 35.5 EH/s, with an average operating hash rate of 29.8 EH/s for June 2025.
- Total power credits for June 2025 amounted to $5.6 million, including $3.8 million from power curtailment and $1.8 million from demand response credits.
- The company's power strategy, which includes economic curtailment and voluntary participation in ERCOT's Four Coincident Peak (4CP) program and other demand response programs, significantly contributes to grid stability while enhancing Riot's competitive positioning.
Jul 3, 2025, 1:00 PM
Quarterly earnings call transcripts for Riot Platforms.
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