Riot Platforms Inc, traded on NASDAQ as RIOT, released its first-quarter financial results post-market close on Thursday. The company reported Q1 revenue of $161.4 million, surpassing estimates of $158.2 million, with a Q1 EPS loss of 90 cents per share. Total revenue saw a significant increase from $79.3 million in the previous year's quarter, largely due to a $71.5 million rise in Bitcoin (CRYPTO: BTC) mining revenue. The Bitcoin miner generated 1,530 Bitcoin in Q1, up from 1,364 in the same period of 2024. Riot's average mining cost was $43,808 for the quarter. For more details, you can refer to the full story on Benzinga.com.