Peter Zhang
Feb 20, 2026 14:33
Riot Platforms (RIOT) schedules Q4 2025 earnings call for March 2, with analysts expecting -$0.21 EPS amid company’s data center pivot strategy.
Riot Platforms has scheduled its fourth quarter and year-end 2025 earnings conference call for March 2, 2026, at 4:30 P.M. EST, as the Bitcoin miner faces scrutiny from activist investors while pushing ahead with its data center expansion strategy.
The Castle Rock, Colorado-based company announced the call timing on February 20, with an audio webcast available for investors who register through the company’s portal. Wall Street isn’t expecting good news—consensus estimates peg Q4 EPS at -$0.21, with projected revenue of $157.36 million representing a modest 10.4% year-over-year increase.
That revenue figure would mark a step down from Q3 2025, when Riot posted $180.2 million in total revenue alongside net income of $104.5 million. The company held 19,287 Bitcoin on its balance sheet as of September 30, 2025, valued at roughly $2.2 billion based on Bitcoin’s price of approximately $114,068 at that time.
The earnings call comes at a tense moment for Riot. Just one day before the announcement, activist investor Starboard Value delivered a letter to the company’s board—though the contents haven’t been publicly disclosed. Starboard’s involvement typically signals pressure for strategic changes or operational improvements.
Riot has been positioning itself as more than just a Bitcoin miner. The company describes itself as “Bitcoin-driven” but has been expanding into data center development to capture demand from AI and high-performance computing workloads. During Q3 2025, Riot announced it was initiating Core & Shell development for 112 MW of critical IT capacity at its Corsicana data center campus in Texas.
This pivot mirrors moves by other publicly traded Bitcoin miners seeking to diversify revenue streams beyond the volatile mining business. Riot operates mining facilities in central Texas and Kentucky, with engineering operations in Denver and Houston.
Investors should watch the March 2 call for updates on the data center buildout timeline, any response to Starboard’s engagement, and guidance on how the company plans to manage its substantial Bitcoin treasury heading into 2026. A replay will be available after the call concludes.
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