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ISIN: US7672921050
Ticker: RIOT
US7672921050
RIOT

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24
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Aktien Stammtisch
@Aktien_Stammtisch
2Sem.·

Riot Platforms reported earnings Q1 FY2025 results ended on Mar 31, 2025

$RIOT (+5,16 %)


- Revenue: $161.4M, +103% YoY

- Bitcoin mined: 1,530 BTC, +12% YoY

- Adjusted EBITDA: $(176.4)M vs $245.7M in Q1 2024


CEO Jason Les: "We achieved a new record for quarterly revenue... significantly expanding our hash rate and further enhancing our operating efficiency."


🌱Revenue & Growth

- Total revenue: $161.4M, +103% YoY

- Bitcoin mining revenue: $142.9M, +100% YoY

- Engineering revenue: $13.9M, +196% YoY

- Deployed hash rate: 33.7 EH/s

- BTC mined: 1,530 vs 1,364 in Q1 2024


💰Profits & Health

- Net loss: $(296.4)M vs net income $211.8M in Q1 2024

- Adjusted EBITDA: $(176.4)M vs $245.7M

- Avg cost to mine 1 BTC (excl. depreciation): $43,808 vs $23,034

- Working capital: $310.3M

- Unrestricted cash: $163.7M

- BTC holdings: 19,223 BTC (~$1.6B @ $82,534/BTC)


📌Business Highlights

- Acquired Rhodium’s mining ops at Rockdale, eliminated $15M+ in 2024 losses

- Corsicana Facility Phase I completed

- 125 MW repurposed for self-mining

- AI/HPC data center feasibility study completed

- Expanding land, fiber, water, and power at Corsicana site


🔮Future Outlook

- 1.0 GW Corsicana substation to complete in early 2026

- Continued AI/HPC infrastructure development

- Eliminated legacy contract costs and litigation from Rhodium deal

- Focus on site enhancements to attract data center tenants

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Meneer V.
@Meneervermogen
2Sem.·

Bitcoin miners

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3 Commentaires
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lookingforinformation@lookingforinformation
2Sem.
you should definitively hold them for some more months!
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BamBamInvest
@BamBamInvest
1Mo·

Actual All-in Cost Miners

$IREN (+8,96 %)
$HUT
$HUT (+8,76 %)
$CLSK (+4,44 %)
$CORZ (+1,49 %)
$BITF (+7,18 %)
$HIVE (+10,34 %)
$WULF (+10,16 %)
$RIOT (+5,16 %)
$MARA (+2,95 %)
$BTDR (+11,32 %)
$BTC (+0,08 %)

$IREN (+8,96 %) 🚀


Revenue growth in AI cloud services could be a harbinger of much larger AI data center deals.


$IREN (+8,96 %) is fast becoming a force to be reckoned with in the data center industry. There are only a handful of developers with > 1 GW of secured power - let alone close to 3 GW!


Very exciting company and KBV Friday ≤ 1

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BamBamInvest
@BamBamInvest
1Mo·

IREN Update (for those who are interested) :

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13 Commentaires
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lookingforinformation@lookingforinformation
1Mo
What exactly do these figures tell us?
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BamBamInvest
@BamBamInvest
1Mo·

IREN - Comparison of its competitors

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6 Commentaires
Chris@Multibagger
1Mo
Didn't you recently write that $IREN is only doing so badly because they are considered Bitcoin miners and that's too short-sighted because they can do much more? Or have I got something mixed up with all the interesting posts I read here?
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Aktien Stammtisch
@Aktien_Stammtisch
2Mo·

Riot Platforms reported earnings Full Year 2024 results ended on December 31, 2024

$RIOT (+5,16 %)


- Revenue: $376.7M, +34% YoY

- Net Income: $109.4M vs -$49.5M in 2023

- Adjusted EBITDA: $463.2M vs $214.0M in 2023


CEO Jason Les: "Riot had a remarkable year in 2024, generating record revenue of $376.7 million and net income of $109.4 million. These results are particularly noteworthy in the context of the Bitcoin network's 'halving' in April of 2024, and an increase in global hash rate of 67% over the course of the year."


🌱Revenue & Growth

- Bitcoin Mining Revenue: $321.0M, +70% YoY

- Engineering Revenue: $38.5M, -40% YoY

- Bitcoin Produced: 4,828, -27% YoY

- Hash Rate: 31.5 EH/s (deployed)


💰Profits & Financials

- Cash: $277.9M as of Dec 31, 2024

- Bitcoin Holdings: 17,722 BTC (+141% YoY), valued at ~$1.65B

- Cost to Mine Bitcoin: $32,216 vs $3,831 in 2023

- Power Credits Generated: $33.7M vs $71.2M in 2023


📌Business Highlights

- Energized Corsicana Facility with 1GW overall capacity (600MW unutilized)

- Acquired Block Mining and E4A Solutions (electrical engineering services)

- Raised $579M through convertible senior notes offering


🔮Future Outlook

- Pursuing opportunities in AI/HPC sector for power assets at Corsicana Facility

- Focus on Bitcoin yield strategy for shareholders

- Accelerating conversations with potential counterparties to maximize value of facilities

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BamBamInvest
@BamBamInvest
3Mo·

IREN Limited the most efficient Bitcoin miner with enormous potential ?

$IREN (+8,96 %)
$BTC (+0,08 %)


IREN Limited, formerly Iris Energy Limited, is an Australian-based company that owns and operates data centers powered by 100% renewable energy. Its facilities are optimized for Bitcoin mining, artificial intelligence (AI) cloud services and other power-intensive computing. The mining data centers are located in Canal Flats, Mackenzie, Prince George and Childress. Bitcoin Mining provides security for the Bitcoin network. Al Cloud Services provides cloud compute for Al customers, 1,896 NVIDIA H100 and H200 GPUs. The Canal Flats facility is located in the Canadian Rocky Mountains, 100 kilometers (km) from Cranbrook Regional Airport and 500 km east of Vancouver. Its facility is located in Prince George, the city in northern British Columbia, 500 km north of Vancouver. The facility is located in Childress County, Texas, more than 250 miles northwest of Dallas and in close proximity to several wind and solar power plants in the region. The company operates 200 MW of data centers in Childress.


I have put together a few interesting graphics here and I would be interested in your opinion of the company.


@stefan_21
@Testo-Investor Have you already dealt with the miners, what do you think of $IREN (+8,96 %) ? I would be interested to know ✌️


All- In Cash Cost per $BTC (+0,08 %) :

$IREN (+8,96 %) Record-breaking growth in hash rate


In the year 2024 $IREN (+8,96 %) set a new industry record for the fastest growth in operating hash rate (EH/s) in a single year among the $BTC (+0,08 %) -miners, surpassing 400%.



$IREN (+8,96 %) also held the previous single-year growth record of 350% in 2023.

Graphic: @Agrippa_Inv from 𝕏


According to VanEck, switching from BTC mining to an AI data center of just 20% for $IREN would be worth a capitalization of $6,571,000,000.

Despite $BTC (+0,08 %) halving , $IREN achieved an impressive annual production growth of 55% - the highest growth rate among all public $BTC miners in 2024.

Graphic: @Agrippa_Inv from 𝕏

$CORZ (+1,49 %) , $MARA (+2,95 %) , $RIOT (+5,16 %) , $BITF (+7,18 %) , $CIFR (+21,48 %) , $CLSK (+4,44 %) , $WULF (+10,16 %) ,


https://iren.com/

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20 Commentaires
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Stefan21@stefan_21
3Mo
Thanks for the introduction, I actually didn't know the company yet :)
Bitcoin mining is an extremely competitive business in which only the most efficient miners are successful in the long term. Mining alone is now almost only worthwhile if, for example, overproduced electricity from renewable sources is used, which the miners can get virtually for free - or/and if the miners can also use the heat generated. In principle, Bitcoin mining simply converts electricity 1:1 into heat - Bitcoin is created as a "waste product". That's why there are more and more mining plants that supply neighboring villages and cities with district heating... or vegetable plantations... or or - there are now the wildest constructions :D
Personally, I won't invest in any miners, simply because I know how difficult it is to remain profitable in the long term. I'd rather buy Bitcoin🤪
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Techaktien
@Techaktien
4Mo·

In the last few Bitcoin cycles, there was always a nice pump after Christmas.

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2 Commentaires
Elwood@wealth_architect_1260
4Mo
Thanks!
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lookingforinformation
@lookingforinformation
5Mo·

$RIOT (+5,16 %)
$BTC (+0,08 %)
$SVACW

Riot Platforms jumps after report of activist Starboard Value involvement


Shares of bitcoin miner Riot Platforms rise 11.3% to $13.10 in pre-market trading ** Activist investor Starboard Value has built a significant stake in RIOT and is pushing for changes at the company, reports The Wall Street Journal (link), citing people familiar with the matter.

the company, the Wall Street Journal reports (link), citing people familiar with the matter ** Starboard wants RIOT to convert some of its bitcoin mining facilities into large-scale data center space, the report says **

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lookingforinformation
@lookingforinformation
5Mo·
previw image
www.riotplatforms.comRiot Platforms Announces Proposed Private Offering of $500 Million of Convertible Senior Notes
12
Top G
@investment_sage_8888
5Mo·
2

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