revenue

Riot's Record Revenue Hides a Fatal Flaw in Bitcoin's Energy Dream

Riot's Record Revenue Hides a Fatal Flaw in Bitcoin's Energy Dream

Meanwhile, Riot Platforms is crowing all the way to the bank on record revenue, an eye-popping $161.4 million in Q1 2025. Now, as CEO Jason Les preaches the importance of collaboration among teammates, the stock has popped. Let's cut through the celebratory noise. That revenue comes at a horrendous cost....
Riot's Rollercoaster: Record Revenue, Massive Losses. What's Next?

Riot's Rollercoaster: Record Revenue, Massive Losses. What's Next?

Riot Platforms, arguably the biggest player in the Bitcoin mining space, just put out its Q1 2025 numbers. The report spotlights their remarkable accomplishments, as well as daunting obstacles that are now before them. The company recently announced that it achieved record quarterly revenue of $161.4 million! This is a...