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.

Who is the current CEO of Riot Platforms?

Jeffrey G McGonegal and Jason Les s of Riot Platforms.

How many employees does Riot Platforms have?

As of Mar 31, 2026, the latest employee count at Riot Platforms is 318.

Is Riot Platforms a funded company?

Riot Platforms is a funded company, having raised an undisclosed amount across 9 funding rounds to date. The company's 1st funding round was a $***** Grant (prize money) round, raised on Oct 09, 2007.

When was the latest funding round of Riot Platforms?

Riot Platforms' latest funding was a $***** Post IPO round on Dec 16, 2024, with participation from 0 investor.

What is the annual revenue of Riot Platforms?

Annual revenue of Riot Platforms is $647M as on Dec 31, 2025.

Where does Riot Platforms rank among its competitors?

Riot Platforms ranks 9th amongst 447 active competitors, of which 33 are funded. The most recent competitor to raise funding was Bitfarms, which secured $588M in Oct, 2025.

Who are the top competitors of Riot Platforms?

Riot Platforms' top competitors include Core Scientific, Bitdeer and Pi Network. Among them, Bitfarms secured the most recent funding round in October, 2025.

Riot Platforms - 2026 Company Profile, Team, Funding, Competitors & Financials

Riot Platforms is an acquired company based in Castle Rock (United States), founded in 2000. It operates as a Platform offering bitcoin mining solutions. Riot Platforms has raised an undisclosed amount in funding. The company has 447 active competitors, including 33 funded and 23 that have exited. Its top competitors include companies like Core Scientific, Bitdeer and Pi Network.

Company Details

Website: www.riotplatforms.com/
Social

Key Metrics

Founded Year

2000

Location

Castle Rock, United States

Stage

Acquired

Latest Funding Round

Post IPO, Dec 16, 2024, $*****

Investors

BlackRock & 9 more

Ranked

9^th among 447 active competitors

Annual Revenue

$647M as on Dec 31, 2025

Employee Count

318 as on Mar 31, 2026

Investment & Acquisitions

Block Mining & 1 more

Similar Companies

Core Scientific & 1626 more

Exit Details

Acquired by Venaxis (Sep 12, 2016)

View Riot Platforms' full profile

Riot Platforms is associated with 3 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
BIOPTIX, INC. CIN: 841553387 , United States, Active	Dec 31, 2002	$96.7K (As on Dec 31, 2016)	646 (As on Dec 31, 2024)	-
RIOT PLATFORMS, INC. CIN: 1167419 , United States, Active		$647M (As on Dec 31, 2025)	3 (As on Dec 31, 2020)	-
RIOT PLATFORMS, INC. CIN: 32049231643 , United States, Active	Jul 23, 2021	-	-	-

Riot Platforms got acquired by Venaxis on Sep 12, 2016.

Click here to take a look at Riot Platforms's acquisition in detail

Riot Platforms has raised funding over 9 rounds. Its first funding round was on Oct 09, 2007. Riot Platforms has 10 institutional investors.

Here is the list of recent funding rounds of Riot Platforms:

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Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Dec 16, 2024	2025297	Post IPO	1936945	1653917	3114090	7068922
Jul 12, 2023	1190611	Post IPO	4647583	1555344	6945468	Vanguard
Feb 12, 2019	2846592	Post IPO	2568958	1337074	5375671	8483382

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View details of Riot Platforms's funding rounds and investors

Riot Platforms' employee count trend

Riot Platforms has 318 employees as of Mar 26. Here is Riot Platforms's employee count trend over the years:

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Top competitors of Riot Platforms include Core Scientific, Bitdeer and Pi Network. Here is the list of Top 10 competitors of Riot Platforms, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Core Scientific 2017, Bellevue (United States), Acquired	AI and blockchain-based infrastructure and software solutions	$49M	BlackRock, Apollo Global Management & 4 others	70/100
2nd	Bitdeer 2013, Singapore (Singapore), Public	Developer of pool mining solutions for cryptocurrency	$12M	Genimous Technology, Tether & 1 others	69/100
3rd	Pi Network 2019, Palo Alto (United States), Seed	Provider of blockchain-based platform offering to mine coins	-	137 Ventures, Ulu Ventures & 1 others	68/100
4th	Rated 2020, London (United Kingdom), Acquired	Validator rating platform for Beacon chain	$15.3M	Archetype, 1confirmation & 7 others	59/100
5th	DMG 2016, Vancouver (Canada), Public	Blockchain and cryptocurrency mining platform	$172K	Amasia, Element & 3 others	59/100
6th	Bitfarms 2017, Toronto (Canada), Public	Cloud mining solutions for cryptocurrency	-	Vermögensclub, Dominion Capital & 1 others	59/100
7th	Genesis Digital Assets 2021, New York City (United States), Series D	Provider of profitable bitcoin mining operation services	$556M	Paradigm, Ribbit Capital & 6 others	56/100
8th	BitFuFu 2020, Shanghai (China), Public	Cloud mining platform for cryptocurrencies	-	BITMAIN	55/100
9th	Riot Platforms 2000, Castle Rock (United States), Acquired	Platform offering bitcoin mining solutions	-	BlackRock, Fidelity Investments & 8 others	64/100
10th	NiceHash 2014, Maribor (Slovenia), Unfunded	Cryptocurrency mining pool.	-	-	50/100