Riot Platforms, Inc. (NASDAQ: RIOT; commonly "Riot"), formerly Riot Blockchain, Inc., is a Bitcoin mining and digital infrastructure company headquartered in Castle Rock, Colorado (3855 Ambrosia Street). It was founded in 2000 and renamed Riot Platforms in 2023. It is a standalone public operating company, not a subsidiary. Third-party profiles (PitchBook, FT/GlobalData) put headcount around 816 and trailing-twelve-month revenue near $675 million; reported revenue was roughly $376.7 million for FY2024 and $647 million for FY2025.
Operations. Riot reports two segments. Bitcoin Mining runs large-scale facilities at Rockdale, Texas; Corsicana (Navarro County), Texas; and two sites in Paducah, Kentucky acquired with Block Mining, with deployed hash rate around 31.5 EH/s at year-end 2024; the company retains mined Bitcoin under a "Bitcoin Treasury Strategy." Engineering designs, fabricates and installs power distribution and engineered-to-order electrical equipment from Denver, Colorado and Houston, Texas (expanded via the 2024 E4A Solutions acquisition). Riot has publicly stated it is evaluating roughly 600 MW of unutilized Corsicana power capacity for AI/HPC data center use.
Litigation posture: operating company defending. In the tracked data, Riot appears in 1 case, 0 as plaintiff and 1 as defendant — the profile of an operating company targeted by an assertion campaign rather than an NPE. The single case sits in the U.S. District Court for the Western District of Texas, Midland-Odessa Division, a plaintiff-favored venue where defendants have pressed venue-transfer motions.
Notable case. Malikie Innovations Ltd. et al. v. Foundry Digital LLC et al., No. 7:25-cv-00567 (W.D. Tex., filed Dec. 12, 2025). Plaintiffs Malikie Innovations and Key Patent Innovations are Irish NPEs monetizing roughly 32,000 former BlackBerry patents; Unified Patents characterizes Malikie as an NPE and KPI entity. Asserted patents (e.g., U.S. 8,788,827; 8,666,062; 8,532,286; 8,712,039) concern Montgomery reduction, efficient SHA-2 hashing and ECDSA signature/public-key generation, aimed at Bitcoin miners' ASIC and mining-pool activity, including the Foundry USA pool. Co-defendants include Foundry Digital, Fortitude Mining and Cipher Mining. Riot filed counterclaims and moved to transfer venue; the court denied its intra-district transfer motion in August 2026. No merits determination is reflected in the sources reviewed.