![[riot-logo.png|300]] Company website: https://www.riotplatforms.com/ ### Introduction Riot Platforms, Inc., originally founded in 2000 as a biotech firm and pivoted to blockchain technology in 2017, is a vertically integrated Bitcoin mining and digital infrastructure company led by CEO Jason Les. Headquartered in Castle Rock, Colorado, with operations in Texas, Kentucky, and Denver, the company's mission is to positively impact sectors, networks, and communities through an innovative spirit and strong partnerships, achieving best-in-class execution in Bitcoin-driven infrastructure. The company's key focus areas include expanding Bitcoin mining hash rate and infrastructure capacity, pivoting to AI and high-performance computing (HPC) data centers, and optimizing operational efficiency amid post-halving challenges. As a publicly traded entity (NASDAQ: RIOT), Riot emphasizes best-in-class operations in cryptocurrency mining while exploring diversification into emerging technologies like AI data centers. ### Key Products and Technology - **Bitcoin Mining Operations**: Large-scale mining in Texas and Kentucky, producing 533 BTC in March 2025, 514 BTC in May, and 450 BTC in June, with a focus on post-halving production highs. Features include energy-efficient setups and operational excellence; applications secure the Bitcoin network and generate revenue, with Q1 2025 output contributing to $161.4 million in quarterly revenue. - **Data Center Infrastructure**: Facilities for HPC and Bitcoin mining, including electrical engineering and fabrication in Denver; pivot to AI data centers with expansions like a 355-acre acquisition near existing sites. Technologies emphasize high-performance compute; applications support diversification into AI, with strategic reductions in mining capex for 2025 to fund HPC growth. ### Team and Leadership - **Jason Les, Chief Executive Officer**: Appointed CEO in February 2021, with a tenure of 4.42 years; total compensation $83.53M; expert in Bitcoin mining and blockchain, driving production highs and strategic pivots. [@JasonLes_](https://x.com/JasonLes_). - **Benjamin Yi, Executive Chairman**: Oversees board and strategic direction; focuses on governance and growth in digital infrastructure. - **Jason Chung, Executive Vice President**: Manages corporate development and strategy; key in expansions and operations. - **Jonathan Gibbs, Chief Data Center Officer**: Appointed June 2025; leads data center platform for AI/HPC conversion; veteran in data center operations. - **Colin M. Yee, Executive Vice President and Chief Financial Officer**: Handles financial planning and treasury; supports funding for growth initiatives. - **William Richard Jackman, Executive Vice President**: Focuses on legal and compliance matters. ### Recent News and Developments (2025) | Date | Event | Details | |------------|--------------------------------|-------------------------------------------------------------------------| | July 17, 2025 | Schedules Q2 2025 Earnings Conference Call | Announced call for July 31 to discuss financial results ended June 30; focuses on Bitcoin mining and data center updates. | | July 3, 2025 | June 2025 Production and Operations Updates | Produced 450 BTC (76% YoY increase, 12% MoM decrease); held 10,401 BTC; advanced AI/HPC initiatives. | | June 3, 2025 | May 2025 Production and Operations Updates | Mined 514 BTC (11% MoM increase); acquired 355 acres for expansion; attended Piper Sandler Conference. | | June 2, 2025 | Hires Jonathan Gibbs as Chief Data Center Officer | Appointed to lead AI/HPC data center platform; signals diversification beyond Bitcoin mining. | | May 1, 2025 | Q1 2025 Financial Results | Record quarterly revenue $161.4M; net income impacted by adjustments; on track for AI/HPC development. | | May 5, 2025 | April 2025 Production Update | Mined 463 BTC; strategic shift to AI data centers announced. | | April 3, 2025 | March 2025 Production and Operations Updates | Record post-halving production of 533 BTC; emphasized operational excellence. | | February 12, 2025 | Board Changes and AI/HPC Update | Added Jaime Leverton, Doug Mouton, and Michael Turner to board for AI/HPC expertise; exploring AI partnerships. | ### Partnerships and Collaborations - **Community and Local Partners**: Emphasizes strong community partnerships for best-in-class execution in operations across Texas and Kentucky. - **Advisors for AI Partnerships**: Tapped advisors in February 2025 to explore collaborations in AI and HPC, aiming for new revenue streams. Information on specific partnerships is limited, with focus on internal development and potential future alliances in emerging tech. ### Closing Note As a publicly traded company (NASDAQ: RIOT) with Q1 2025 revenue of $161.4 million and a strategic pivot reducing 2025 mining capex for AI/HPC focus, Riot Platforms is in a mature growth stage, with a positive outlook driven by production increases, diversification, and projected earnings growth despite valuation concerns. *Report generated July 28, 2025*