Bitcoin News
By Maheen Hernandez
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Bitcoin Mining: Still Profitable but No Longer the Destination. During the firm’s Q3 earnings call on Wednesday, Josh Kane, vice president of investor relations…
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Record Quarter Driven by Bitcoin Output. Riot’s third-quarter report showcased record-breaking results, with revenue reaching $180.
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Building the Foundation for an AI Future. Riot’s pivot toward AI infrastructure has been underway for much of the year.
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From Digital Gold to Digital Infrastructure. Riot’s new direction aligns with a broader industry trend where Bitcoin miners are diversifying…
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A Strategic Evolution. Riot’s record-breaking Q3 demonstrates that Bitcoin mining remains a vital revenue stream, but the…
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Riot Platforms is redefining its future beyond Bitcoin mining, with executives emphasizing that the company’s true mission is now to maximize the value of its energy assets.
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During the firm’s Q3 earnings call on Wednesday, Josh Kane, vice president of investor relations at Riot Platforms, explained that while the company continues to thrive in…
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“As our strategy has evolved, so has our approach to our Bitcoin mining business,” Kane said.
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This approach, Kane said, means transitioning Riot’s vast power resources toward data center development, a move designed to capitalize on rising global demand for computing…
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Riot’s third-quarter report showcased record-breaking results, with revenue reaching $180.2 million, a 112.5% increase compared to the same period last year.
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Bitcoin production was a major contributor to these results. Riot mined 1,406 BTC in Q3, marking a 27% year-over-year increase, and now holds a total of 19,287 BTC, valued at…
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However, Kane acknowledged that while 90% of Riot’s revenue still comes from Bitcoin mining, the company plans to redirect these profits to fund its transition into AI-driven…
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“We will continue to utilize the opportunity Bitcoin mining brings to secure power and drive strong cash flow,” Kane explained.
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Riot’s pivot toward AI infrastructure has been underway for much of the year. Earlier in 2025, the firm paused expansion of new Bitcoin mining projects at its Corsicana facility…
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As part of this shift, Riot announced the initiation of core and shell development for the first two buildings at its Corsicana Data Campus, which will provide 112 megawatts of…
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