This week, various crypto firms released their Q1 earnings, showcasing substantial shifts in financial health. Riot Platforms reported a revenue growth, while Strategy’s losses widened despite a significant bitcoin hold. Coinbase’s downgrade and adjustments to price targets by multiple analysts also captured attention in this dynamic market.
In the latest round of earnings reports for crypto firms, Riot Platforms (RIOT) announced a significant shift in financial performance for the first quarter of 2025. The company posted a loss per share of $0.90 on revenue of $161.4 million, a stark contrast to last year’s earnings of $0.81 per share with $79.3 million in revenue. Notably, Riot increased its bitcoin production to 1,530 from 1,364 in 2024, and as of March 31, it held 19,223 unencumbered bitcoin, valued at around $1.6 billion.
