What is Fidelity's stake in Riot Platforms?
Fidelity Investments holds an 8% stake in Riot Platforms.
Finance / Crypto
Fidelity Investments, managing trillions in assets, has disclosed an 8% stake in Riot Platforms, a Texas-based Bitcoin mining company. This investment coincides with Riot's announcement of strong Q3 2025 financial results and strategic expa...
Riot Platforms' Q3 2025 performance showcases significant growth in revenue and Bitcoin production. The strategic move into data center development signals a diversification effort to leverage its land and power assets. The average cost to mine Bitcoin increased to $46,324, influenced by a rise in the global network hash rate, but was partially offset by power credits. This expansion aims to transform Riot into a multifaceted data center operator, capitalizing on the increasing demand for high-density computing. For more details, visit Riot's website&ref=yanuki.com.
Fidelity Investments holds an 8% stake in Riot Platforms.
Riot Platforms reported revenues of $180.2 million for Q3 2025.
Riot Platforms is expanding into large-scale data center development.
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