Riot Platforms closed 2025 with 18,005 BTC on its balance sheet, including 3,977 BTC pledged as collateral. Based on a year-end Bitcoin price of $87,498, the company’s holdings were valued at approximately $1.6 billion. Riot also reported $309.8 million in cash, though $76.3 million of that amount was restricted.

In a strategic pivot, Riot signed a data center agreement with AMD and acquired 200 acres of land in Rockdale, Texas, funding the purchase through Bitcoin sales. The move follows pressure from activist investor Starboard Value, which suggested that expanding into artificial intelligence and high-performance computing could push the company’s valuation as high as $21 billion.