Revolut warns it risks backlash over support for energy-intensive AI and crypto
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Revolut warns it risks backlash over support for energy-intensive AI and crypto
"Revolut warned in its 2025 annual report that activities in energy-intensive sectors posed a reputational risk, particularly due to shifting attitudes towards cryptocurrency mining and AI datacentres."
"The company reported a 1.7 billion pre-tax profit for 2025, with revenues climbing 46% to 4.5 billion, reflecting significant growth in its customer base."
"As we transition into a truly global bank, we are proving that our technology-driven operating model continues to drive rapid expansion and record profitability, said CEO Nik Storonsky."
"Revolut aims to reach 100 million customers worldwide by the middle of next year, having added 16 million individual customers in the past year."
Revolut reported a 57% profit increase and a pre-tax profit of 1.7 billion for 2025, with revenues climbing 46% to 4.5 billion. The company warned of reputational risks associated with energy-intensive sectors, including cryptocurrency mining and AI datacentres, as competition for electricity rises. Revolut added 16 million customers, reaching a total of 68.3 million, and aims for 100 million by next year. It operates as a licensed bank in over 30 markets and is expanding its services in the UK.
Read at www.theguardian.com
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