Riot Platforms posts record performance last year

Riot Platforms (RIOT) achieved record-high performance driven by its diversification into artificial intelligence (AI) and high-performance computing (HPC) infrastructure, The Block reported. The company posted annual revenue of $647.4 million last year, while its Bitcoin mining output rose to 5,686 BTC from 4,828 BTC the previous year. Riot Platforms currently holds more than 18,000 BTC. The strong results were attributed to Bitcoin reaching a new all-time high last year and the company's successful business diversification.