Big news for Riot Platforms, a company that digs for Bitcoin! They had a super successful 2024, making lots more money than last year. This is exciting because it shows Bitcoin mining can still be profitable, even with some challenges.
- Riot made a whopping $376.7 million in 2024!
- That's way up from $280 million in 2023.
- They also made a profit ($109.4 million), unlike last year's loss.
- Riot bought other companies to get bigger and better.
| Fact | Number |
|---|---|
| Total Revenue (2024) | $376.7 million |
| Total Revenue (2023) | $280 million |
| Net Income (2024) | $109.4 million |
| Bitcoin Mined (2024) | 4,828 |
| Bitcoin Holdings (end of 2024) | 17,722 |
Even though they mined fewer Bitcoins this year, higher Bitcoin prices helped them make more money. For 2025, they're looking into using their super-powerful computers for other things too, like Artificial Intelligence (AI)!
