PANews reported on February 25 that according to The Block, Riot Platforms released a report saying that its total revenue in 2024 was US$376.7 million, a year-on-year increase of 34.2%. Net income increased to US$109.4 million, while the net loss in 2023 reached US$49.4 million.

Despite the revenue growth, Riot produced less bitcoin in 2024, with a total output of 4,828 bitcoins, down from 6,626 bitcoins in the previous year, mainly due to a surge in mining costs. Riot's average mining cost per bitcoin in 2024 (excluding depreciation) reached $32,216, compared with $3,831 in 2023. The increase in mining costs was mainly affected by a 53% reduction in electricity subsidies in 2024 and a 67% increase in global hash rate.

According to Bitbo data, by the end of January 2025, Riot's Bitcoin holdings had grown to 18,221, making it the third largest listed company holding Bitcoin after Strategy and Marathon Digital Holdings.