Riot Blockchain, Inc. Q3 2025 Earnings Recap

Riot Platforms demonstrated strong progress in its transformation into a leading data center operator, marked by the initiation of major construction projects and strategic land acquisitions, setting the stage for future growth.

Key Takeaways

• Initiated Core & Shell development of two buildings at the Corsicana data center, adding 112 megawatts of IT capacity.
• Acquired an additional 67 acres adjacent to Corsicana, facilitating a future 1 gigawatt utility load campus design.
• Completed a standardized basis of design for data centers, enhancing engagement with potential hyperscale and enterprise tenants.
• Progressed on the Corsicana substation expansion, with the first auto transformer on site and energization scheduled for Q1 2026.
• Continued aggressive hiring for key leadership roles, supporting the rapid development and operational growth of the data center business.