Riot Platforms - CEO, Jason Les Q&A - Q4 & FY25' Earnings & Outlook!

We share how Riot moves from Bitcoin mining to a scaled digital infrastructure platform by leasing data centers, highlighted by a fast-tracked AMD deal and a 1.7 GW power base in Texas. We explain the power optionality model, funding strategy, and why co-location beats buying GPUs for risk-adjusted returns. • transformation from miner to data center landlord • AMD lease delivery, scale mechanisms, and timeline • low-cost mining margins and power credits • ERCOT approvals as competitive moat ...