![[riot-logo.png|300]] Website: [riotplatforms.com](https://www.riotplatforms.com) ### Introduction Riot Platforms, Inc., formerly known as Riot Blockchain, was founded in 2000 and is headquartered in Castle Rock, Colorado. Initially focused on biotechnology, the company pivoted to cryptocurrency mining in 2017, becoming one of the leading Bitcoin mining companies in North America. Riot Platforms is a publicly traded company listed on the NASDAQ under the ticker symbol [RIOT](https://finance.yahoo.com/quote/RIOT/). While exact employee counts are not publicly disclosed in the most recent data, the company has grown significantly, operating large-scale facilities with a focus on energy-efficient Bitcoin mining and data center infrastructure. According to Yahoo Finance, Riot operates with a substantial workforce to manage its mining operations and infrastructure projects [Yahoo Finance](https://finance.yahoo.com/quote/RIOT/profile/). Riot Platforms’ mission is to build the world’s leading Bitcoin-driven infrastructure platform, emphasizing vertically integrated mining operations and sustainable energy practices. The company aims to leverage its expertise in energy management and data center operations to support both Bitcoin mining and emerging high-performance computing (HPC) needs, such as AI workloads. Riot has positioned itself at the intersection of cryptocurrency and energy infrastructure, focusing on scalability and grid stability through innovative power agreements. ### Key Products and Technology Riot Platforms specializes in Bitcoin mining infrastructure with a growing focus on data center services. Below are the key products and technologies associated with their operations: - **Bitcoin Mining Operations (ASIC Miners)** - **Type**: Application-Specific Integrated Circuit (ASIC) miners for Bitcoin. - **Technical Specifications**: Riot’s deployed hash rate reached 28 EH/s (exahashes per second) as of Q3 2024, with plans to expand further [Riot Platforms Q3 2024 Report](https://www.riotplatforms.com/riot-platforms-reports-third-quarter-2024-financial-results-current-operational-and-financial-highlights/). Specific miner models include MicroBT rigs used in immersion cooling at facilities like Corsicana, Texas. - **Energy Source**: Primarily grid electricity with a focus on renewable energy integration and demand response programs. - **Key Differentiators**: Riot’s energy management strategy includes power curtailment during peak grid demand, earning significant power and demand response credits. Their immersion cooling technology reduces noise and increases efficiency. - **Development Stage**: Operational, with ongoing expansion at sites like Rockdale and Corsicana, Texas. - **Target Customers**: Cryptocurrency markets (self-mining for Bitcoin) with potential pivots to HPC and AI data center clients. - **Data Center Infrastructure (HPC and AI Hosting)** - **Type**: Large-scale data centers for Bitcoin mining with adaptability for HPC and AI workloads. - **Technical Specifications**: Facilities like Corsicana are designed for up to 1 GW of power capacity, with 112 MW currently under buildout for IT infrastructure as of December 2025 posts on X. Rockdale operates at 700 MW, making it one of the largest mining facilities in the U.S. - **Energy Source**: Grid power with partnerships for low-cost and carbon-neutral energy solutions. - **Key Differentiators**: Strategic pivot to mixed-use facilities (Bitcoin mining + AI hosting) to capitalize on higher revenue per kWh from AI data centers, as noted in recent X discussions. - **Development Stage**: Operational for mining with early-stage transitions to HPC hosting. - **Target Customers**: Tech companies requiring high-performance computing, such as AI firms, in addition to internal Bitcoin mining operations. ### Regulatory and Licensing Status As a Bitcoin mining company, Riot Platforms does not fall under nuclear regulatory oversight like the Nuclear Regulatory Commission (NRC). Instead, its regulatory considerations revolve around energy usage, environmental impact, and compliance with local and state energy policies, particularly in Texas where its major facilities are located. Riot has secured regulatory approval for significant power loads, such as the 1 GW capacity at its Corsicana site, as mentioned in posts on X from 2024. Key regulatory milestones include partnerships with the Electric Reliability Council of Texas (ERCOT) to participate in demand response programs, which allow Riot to reduce grid strain during peak times. This has earned them millions in power credits, as reported in their Q3 2024 financial highlights [PR Newswire](https://www.prnewswire.com/news-releases/riot-platforms-reports-third-quarter-2024-financial-results-current-operational-and-financial-highlights-302291931.html). There are no specific upcoming regulatory hurdles noted in recent data, but Riot must continue to navigate local community concerns over noise and resource usage, as highlighted in recent X posts. The timeline for commercial deployment of new HPC-focused infrastructure is ongoing, with significant progress expected in 2026 per analyst forecasts on X. ### Team and Leadership Riot Platforms’ leadership team includes experienced executives in technology, energy, and finance. Below are key figures based on publicly available data from their official website and Yahoo Finance profiles [Riot Platforms](https://www.riotplatforms.com), [Yahoo Finance](https://finance.yahoo.com/quote/RIOT/profile/): - **Jason Les (CEO)**: Jason Les has been CEO since 2017, leading Riot’s pivot to Bitcoin mining. He brings expertise in technology and strategic growth, with a background in computer science and business operations. - **Colin Yee (CFO)**: Colin Yee oversees financial strategy, focusing on capital allocation for infrastructure expansion and energy cost management. He has extensive experience in corporate finance. - **William Jackman (General Counsel)**: William Jackman manages legal and regulatory affairs, critical for navigating energy agreements and local compliance issues. Specific X handles for leadership are not verified or widely publicized in the available data and are thus omitted. ### Funding and Financial Position Riot Platforms, as a public company, does not disclose traditional funding rounds like private firms. Instead, its financial position is reflected in stock performance and revenue reports. As of the latest data in Q3 2024, Riot reported total revenue of $84.8 million for the quarter ending September 30, 2024 [Riot Platforms Q3 2024 Report](https://www.riotplatforms.com/riot-platforms-reports-third-quarter-2024-financial-results-current-operational-and-financial-highlights/). Market capitalization and recent stock performance details are available on Yahoo Finance, though exact figures are subject to daily fluctuation [Yahoo Finance](https://finance.yahoo.com/quote/RIOT/). Recent posts on X from December 2025 note a 7% stock dip amid scrutiny over HPC pivots and exposure to Bitcoin price volatility (holding over $2B in BTC). Key institutional investors include firms like Starboard, which recently took a significant stake in Riot and is pushing for conversion of mining facilities to data center spaces for big users, as reported on X in December 2024. Riot is revenue-generating at a commercial scale, primarily from Bitcoin mining, with additional income from power credits ($11.0M) and demand response credits ($2.5M) as of September 2023 posts on X. ### Recent News and Developments | Date | Event | Details | |---------------|------------------------------------|---------------------------------------------------------------------------------------------| | Dec 23, 2025 | Power Grid Strain Report | Riot’s 700 MW Rockdale facility highlighted as part of global grid strain from AI/crypto demand (X posts). | | Dec 21, 2025 | Stock Dip and HPC Pivot | Riot shares drop 7% amid concerns over HPC margins and $2B+ BTC price exposure (X posts). | | Dec 17, 2025 | Corsicana Site Grid Stability | Riot’s 1 GW Corsicana site noted for stabilizing Texas grid with flexible demand (X posts). | | Oct 30, 2024 | Q3 2024 Financial Results | Riot reports $84.8 million revenue and 28 EH/s hash rate [Riot Platforms](https://www.riotplatforms.com). | | Mar 12, 2024 | Partnership with Reformed Energy | Riot partners with Reformed Energy to convert landfill waste to energy for mining (X posts).| ### Partnerships and Collaborations - **ERCOT (Electric Reliability Council of Texas)**: Riot collaborates with ERCOT on demand response programs, reducing peak consumption and earning power credits, enhancing grid stability [PR Newswire](https://www.prnewswire.com/news-releases/riot-platforms-reports-third-quarter-2024-financial-results-current-operational-and-financial-highlights-302291931.html). - **Reformed Energy**: Partnership to convert landfill waste into low-cost, carbon-neutral energy for Bitcoin mining, supporting sustainability goals, as noted in X posts from March 2024. - **MicroBT**: Supplier of ASIC mining rigs, critical for Riot’s operational efficiency, especially at immersion-cooled facilities like Corsicana, per X posts from 2024. ### New Hampshire Relevance Riot Platforms’ operations are currently centered in Texas, with no direct connections to [[New Hampshire]] or the Northeast U.S. mentioned in available data. Their focus on large-scale Bitcoin mining and HPC data centers could theoretically align with New Hampshire’s growing tech sector or data center needs, but their energy-intensive operations may face challenges with the ISO-NE grid’s capacity and regulatory environment compared to Texas’ ERCOT grid. Proximity to [[Seabrook Station]] or other NH infrastructure is not relevant given Riot’s non-nuclear focus. Technology readiness for NH deployment is low due to Riot’s geographic focus and lack of expressed interest in the region. Their business model does not align directly with NH legislative initiatives like HB 710 or SMR provisions, as they are not involved in nuclear energy. Potential applications in NH could include powering data centers if Riot pivots further into HPC, but community and environmental concerns (e.g., noise, energy costs) noted in X posts could complicate such expansions. No existing NH connections are evident in current data. ### Competitive Position Riot Platforms competes with other leading Bitcoin mining companies such as [[MARA|Marathon Digital Holdings]] ([[MARA]]) and [[[[Hut 8]]]]. Compared to Marathon, Riot has a stronger focus on energy management and grid partnerships, earning significant power credits, though both face similar Bitcoin price exposure risks. Hut 8 has advanced further into AI infrastructure with major deals (e.g., $7B from Google/Anthropic per X posts), potentially outpacing Riot’s HPC pivot. Riot’s unique advantage lies in its massive power capacity (1.7 GW potential) and Texas-based infrastructure, but risks include community backlash over resource usage and narrower HPC margins compared to pure mining, as noted in recent X discussions. ### Closing Note Riot Platforms is a well-established Bitcoin mining leader transitioning into HPC data centers, with a promising yet challenging trajectory amid market and operational shifts. *Report generated December 24, 2025*