Riot reports record Q1 revenue of $161.4M, acquires Rhodium assets for $185M settling litigation

Riot Platforms, Inc.

2025-Q1 EPS reported -$0.90 revenue$161,387,000

Q1 revenue $161.4M (vs $79.3M YoY); produced 1,530 BTC; cost to mine $43,808/coin.
Acquired Rhodium's 125 MW capacity at Rockdale for $185M (cash + stock), settled all litigation.
Held 19,223 unencumbered BTC valued at $1.6B; working capital $310.3M; cash $163.7M.
Engineering revenue $13.9M (vs $4.7M) includes acquired E4A Solutions.
Average global network hash rate rose 41% YoY, pressuring mining costs post halving.

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