Full-Time
Senior Electrical Engineer – Data Centers
Posted on 8/22/2025
Riot Platforms
51-200 employees
Vertical-integrated Bitcoin mining and AI centers
Compensation Overview
$140k - $180k/yr
Denver, CO, USA
In Person
Relocation assistance available for non-local candidates.
 Electrical Engineering (3) |
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- Bachelor’s in Electrical Engineering (P.E. preferred)
- 8+ years in electrical engineering, ideally with experience in mission-critical facilities (data centers, hospitals, manufacturing plants, or other high-reliability environments)
- Proven experience managing $50M+ projects and consultant relationships
- Deep expertise in UPS systems, backup generators, switchgear, and PDUs
- Strong command of NEC, NFPA 70E, IEEE codes and standards
- Advanced proficiency in ETAP or SKM PowerTools
- Experience with AI deployments and LTC (liquid to chip) cooling is a plus, but not required
- Set and enforce electrical design standards and specifications
- Review and approve consultant and contractor electrical designs
- Oversee UPS systems, generators, switchgear, and distribution
- Ensure compliance with NEC, NFPA, IEEE, and industry best practices
- Lead QA/QC protocols and technical audits
- Approve commissioning plans and test procedures
- Mentor engineers and represent electrical discipline in executive forums
Riot Platforms operates large-scale Bitcoin mining facilities and provides electrical engineering services through its subsidiary, ESS Metron. The company uses specialized computers called ASIC miners to solve complex math problems that secure the Bitcoin network, earning digital currency as a reward. Unlike many competitors who rely solely on mining, Riot is vertically integrated, meaning it builds its own electrical infrastructure and is expanding into high-performance computing and AI data centers to diversify its income. Its goal is to leverage its massive power capacity in Texas to become a leading provider of digital infrastructure for both the cryptocurrency and artificial intelligence industries.
Company Size
51-200
Company Stage
IPO
Headquarters
Castle Rock, Colorado
Founded
2000
Simplify's Take
What believers are saying
- AMD doubled Rockdale capacity to 50 MW, generating $33.2M Q1 data center revenue.
- Engineering backlog reached $193.4M in Q1 2026 from hyperscaler data center demand.
- Bitcoin treasury of 15,679 BTC ($1.2B) funds expansion without equity dilution.
What critics are saying
- AMD contract termination eliminates $33.2M annualized revenue and strands 1 GW capacity.
- Mining profitability collapses if Bitcoin drops below $45K or difficulty rises 20-30%.
- Corsicana facility 95% underutilized; hyperscaler demand softening risks $500M+ stranded capex.
What makes Riot Platforms unique
- Vertically integrated with ESS Metron engineering reduces capex and serves external clients.
- 2+ gigawatt power portfolio generates $21M quarterly power curtailment credits beyond mining.
- Nuclear partnership with Terrestrial Energy targets 4 GW AI data center capacity.
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Benefits
Health Insurance
Dental Insurance
Vision Insurance
Disability Insurance
401(k) Retirement Plan
401(k) Company Match
Paid Vacation
Paid Holidays
Flexible Spending Accounts
Company News
Riot Platforms extended its winning streak to six consecutive days, climbing 13.53% to close at $16.11 after generating $102.3 million from Bitcoin sales over five days. The company sold 500 Bitcoins this week alone, netting $34.87 million in profits. For the first quarter, Riot Platforms generated $289.5 million in revenue from selling 3,778 Bitcoins. The company ended the quarter holding 15,680 units, down 18% from 19,223 in the same period last year. The gains also reflected broader market optimism following a two-week ceasefire between the US and Iran. However, Riot reported a 4% decline in Bitcoin production for Q1, producing 1,473 units versus 1,530 year-on-year, with average daily production at 16.4 units.
Riot Platforms sold 3,778 Bitcoin in Q1 2026 for $289.5 million, 2.6 times its quarterly production of 1,473 BTC. The miner's holdings fell 18% to 15,680 BTC from 18,005 at year-end 2025. The aggressive selling appears linked to Riot's strategic pivot towards high-performance computing colocation and infrastructure hosting, which requires substantial capital. Rising energy costs from Middle East conflict escalation have also compressed industry margins, according to blockchain developer Kadan Stadelmann. Despite the treasury drawdown, operational metrics improved. All-in power costs dropped 21% year-over-year to 3.0¢/kWh, whilst deployed hash rate grew 26% to 42.5 EH/s. Riot generated $21 million in power credits during Q1, double the prior year. The selling follows broader industry trends, with MARA Holdings, Genius Group and Nakamoto Holdings offloading 15,501 BTC combined last week.
Citi has maintained its "Buy" rating on Riot Platforms but lowered its price target from $23 to $21, after reducing its base-case bitcoin forecast to $112,000 from $143,000. The firm noted that legislative momentum behind the CLARITY Act has slowed and reduced forecasts across digital asset stocks. All covering analysts hold "Buy" ratings for Riot Platforms as of 30 March 2026, with a consensus price target of $26 implying 114.26% upside potential. Riot reported record 2025 revenue of $647.40 million, up from $376.70 million in 2024, driven primarily by bitcoin mining revenue increasing from $321 million to $576.30 million. The company finished the year with nearly $1.90 billion in liquidity and produced 5,686 bitcoin.
Riot Platforms, a Bitcoin mining company, has risen 10.6% since Jim Cramer discussed it on Mad Money in July, though shares remain down 9.6% year-to-date. The stock has gained 79% over the past year. During his Mad Money appearance, Cramer advised investors to own Bitcoin directly rather than mining stocks like Riot Platforms, comparing his preference to owning gold over gold miners. He stated he didn't "need leverage" or "trickiness". Recent developments include Riot's August earnings miss, which sent shares down 17%, and positive momentum from a January announcement about purchasing 200 acres in Texas and a 10-year AMD chip lease. In February, shares rose 5.7% after activist investor Starboard urged the company to expand into the data centre market.
Riot Platforms has raised eyebrows as a speculative investment combining Bitcoin mining with AI infrastructure development, according to an analysis by RA_Capital. Trading at $13.38, the company has pivoted to a dual revenue model leveraging 1.7 gigawatts of low-cost Texas power capacity. Bitcoin mining generated 92% of 2024's $376.7 million revenue, whilst the company holds 17,722 BTC worth approximately $1.65 billion. Riot recently secured a 10-year, $311 million lease with AMD for hyperscale data centres, with potential expansion to $1 billion. The company achieved profitability in 2024 with $109.4 million net income and industry-leading power costs of 3.4 cents per kilowatt-hour. Analysts cite a 12-month price target of $24–28, noting significant upside potential despite risks including Bitcoin volatility and execution challenges.