Riot Platforms Reports Record Revenue in Q1 2025, But Soaring Mining Costs Lead to Loss
Bitcoin mining firm Riot Platforms reported a record-breaking revenue of $161.4 million for the first quarter of 2025, marking a 50% increase from last year. Despite the impressive topline, the company ended the quarter in the red due to rising operational costs. According to its May 1 earnings report, Riot's ...
