Riot Platforms Inc - Company Profile
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Riot Platforms Inc (Riot Platforms), formerly Riot Blockchain Inc, develops, operates, and supports blockchain technologies. Its primary operations include mining of cryptocurrencies and the development of exchange and mining pool platforms. The company also provides co-location services, installation services, electricity distribution product, power distribution equipment and custom engineered electrical products. It serves as a medium of exchange, store of value, or unit of account. Riot Platforms uses application-specific integrated circuit (ASIC) chips to mine Bitcoin. It provides critical mining infrastructure for institutional scale clients at the Rockdale Facility. It also conducts development activities at the Corsicana facility. Riot Platforms is headquartered in Castle Rock, Colorado, the US.
Headquarters
United States of America
Address
3855 Ambrosia Street, Suite 301, Castle Rock, Colorado, 80109
Website
www.riotplatforms.com
Telephone
1 303 7942000
No of Employees
816
Industry
Technology and Communications
Ticker Symbol & Exchange
RIOT (NASD)
Revenue (2024)
$647.4M
71.9%
(2024 vs 2023)
EPS
XYZ
Net Income (2024)
XYZ
-706.2%
(2024 vs 2023)
Market Cap*
$8.4B
Net Profit Margin (2024)
XYZ
-452.6%
(2024 vs 2023)
* As of and is in US$
Riot Platforms Inc premium industry data and analytics
Products and Services
| Services |
|---|
| Design and Manufacture of Power Distribution Equipment and Custom-Engineered Electrical Products |
| Critical Infrastructure Services and Workforce Support for Institutional Miners |
| Mining of Cryptocurrencies |
| XYZ |
| XYZ |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2026 | Contracts/Agreements | In May, the company partnered with Terrestrial Energy Inc. to develop future data centers with co-located advanced nuclear plants. |
| 2026 | Contracts/Agreements | In January, the company entered into a data center lease and services agreement with Advanced Micro Devices, Inc. at the Rockdale site. |
| 2025 | Asset Purchase | In April, Whinstone US acquired specific assets of Rhodium Encore LLC at Riot's Rockdale Facility for US$185.0 million. |
Competitor Comparison
| Key Parameters | Riot Platforms Inc | MARA Holdings Inc | CleanSpark Inc | HIVE Digital Technologies Ltd | Digi Power X Inc |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | United States of America | Canada | Canada |
| City | Castle Rock | Fort Lauderdale | Henderson | Vancouver | Toronto |
| State/Province | Colorado | Florida | Nevada | British Columbia | British Columbia |
| No. of Employees | 816 | 266 | 314 | 18 | 17 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Benjamin Yi | Chairman | Executive Board | 2021 | 43 |
| Jason Les | Chief Executive Officer; Director | Executive Board | 2021 | 40 |
| Jason Chung | Chief Financial Officer | Senior Management | 2026 | 44 |
| Stephen Howell | Senior Vice President; Chief Operating Officer | Senior Management | 2024 | 50 |
| Ryan Werner | Chief Accounting Officer; Senior Vice President | Senior Management | 2022 | 46 |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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