Preheat your oven to 350 degrees. Add the sriracha, honey, and sugar to a bowl.
Give it a good whisking, and then set up your bacon assembly line. This should include: your sweetened sriracha sauce, your bacon, and an aluminum foil lined rimmed baking pan topped with an oven-safe cooling rack.
Give each slice of bacon a thorough dipping/coating of the spicy sauce only on one side. Lay the strips sauce side up on the cooling rack, being mindful not to overlap the slices.
Pop them in the oven for around 40 minutes. I know it seems like a long time, but because of the Sriracha and sugars we have the oven at a lower temperature. To keep your sweet and spicy strips of awesome from scorching in areas, you really want to roast these babies lower and slower.