About Riot Platforms
Riot Platforms is a company based in Castle Rock (United States) founded in 2000 was acquired by Venaxis in September 2016.. The company has 783 employees as of December 31, 2024. Riot Platforms has completed 1 acquisition, including Block Mining. Riot Platforms offers products and services including Bitcoin Mining Service and Infrastructure Platform. Riot Platforms operates in a competitive market with competitors including Core Scientific, Pi Network, Carterra, Bitfarms and Nicoya Life, among others.
- Headquarter Castle Rock, United States
- Employees 783 as on 31 Dec, 2024
- Stage Public
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Sectors
TechnologyHealthcare Financial Services
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Riot Platforms, Inc.
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Annual Revenue
$376.66 M34.2as on Dec 31, 2024
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Net Profit
$109.4 M0as on Dec 31, 2024
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EBITDA
$-153.01 M-106.77as on Dec 31, 2024
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Latest Funding Round
$594.4 M (USD), Post-IPO
Dec 16, 2024
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Investors
Vanguard
& 4 more
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Employee Count
783
as on Dec 31, 2024
- Investments & Acquisitions
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Acquired by
Venaxis
(Sep 12, 2016)
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IPO & Listings of Riot Platforms
Riot Platforms is a publicly listed company on the NASDAQ with ticker symbol RIOT in USA, operating in the Technology services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Riot Platforms
Riot Platforms offers a comprehensive portfolio of products and services, including Bitcoin Mining Service and Infrastructure Platform. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Provides large-scale Bitcoin mining operations for blockchain support
Offers Bitcoin-driven platform for energy and finance convergence
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Software Development Team
11 people
Finance and Accounting
10 people
Leadership Team
7 people
Product Management Team
6 people
Human Resources and Administration
6 people
Operations Team
4 people
Legal and Compliance
3 people
Senior Team
2 people
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Funding Insights of Riot Platforms
- Total Funding Total Funding
- Total Rounds 8
- Last Round Post-IPO — $594.4M
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First Round
First Round
(09 Oct 2007)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2024 | Amount | Post-IPO - Riot Platforms | Valuation |
investors |
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| Jul, 2023 | Amount | Post-IPO - Riot Platforms | Valuation |
investors |
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| Feb, 2019 | Amount | Post-IPO - Riot Platforms | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Riot Platforms
Riot Platforms has secured backing from 5 investors, including institutional and venture fund investors. Prominent investors backing the company include Vanguard, HHS and Venaxis. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital is offered by Boulder Ventures for innovative companies.
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Founded Year | Domain | Location | |
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Diversified investment management services are offered to investors worldwide.
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Founded Year | Domain | Location | |
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Public health and human services are overseen by HHS.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Riot Platforms
Riot Platforms has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Block Mining. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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End-to-end support services for blockchain hardware are provided.
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2019 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Riot Platforms
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Riot Platforms Comparisons
Competitors of Riot Platforms
Riot Platforms operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Core Scientific, Pi Network, Carterra, Bitfarms and Nicoya Life, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
AI and blockchain infrastructure plus software solutions are offered.
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| domain | founded_year | HQ Location |
Provider of blockchain-based platform offering to mine coins
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| domain | founded_year | HQ Location |
SPR-based platforms are developed for enzyme kinetics studies.
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| domain | founded_year | HQ Location |
Cryptocurrency cloud mining solutions are provided via blockchain infrastructure.
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| domain | founded_year | HQ Location |
Hyperspectral optical microscopes for surface analysis are provided.
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| domain | founded_year | HQ Location |
Cloud mining platform for cryptocurrencies
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Riot Platforms
Frequently Asked Questions about Riot Platforms
When was Riot Platforms founded?
Riot Platforms was founded in 2000 and raised its 1st funding round 7 years after it was founded.
Where is Riot Platforms located?
Riot Platforms is headquartered in Castle Rock, United States. It is registered at Castle Rock, Colorado, United States.
Who is the current CEO of Riot Platforms?
Jason Les is the current CEO of Riot Platforms.
How many employees does Riot Platforms have?
As of Dec 31, 2024, the latest employee count at Riot Platforms is 783.
What is the annual revenue of Riot Platforms?
Annual revenue of Riot Platforms is $376.66M as on Dec 31, 2024.
What does Riot Platforms do?
Riot Platforms was established in 2000 and is based in Castle Rock, United States. Operations in the cryptocurrency sector are centered on bitcoin mining activities. Solutions for mining are provided through infrastructure and technology services. The company maintains its online presence via riotplatforms.com, supporting bitcoin production in a competitive market environment. Leadership includes roles such as Executive Chairman and CEO positions held by key executives.
Who are the top competitors of Riot Platforms?
Riot Platforms's top competitors include Pi Network, Core Scientific and Carterra.
What products or services does Riot Platforms offer?
Riot Platforms offers Bitcoin Mining Service and Infrastructure Platform.
Is Riot Platforms publicly traded?
Yes, Riot Platforms is publicly traded on NASDAQ under the ticker symbol RIOT.
How many acquisitions has Riot Platforms made?
Riot Platforms has made 1 acquisition, including Block Mining.
Who are Riot Platforms's investors?
Riot Platforms has 5 investors. Key investors include Vanguard, HHS, Venaxis, Boulder Ventures, and National Science Foundation.
What is Riot Platforms's ticker symbol?
The ticker symbol of Riot Platforms is RIOT on NASDAQ.