Riot Platforms, Inc. (NASDAQ: RIOT), a leader in vertically integrated Bitcoin mining, released its unaudited production and operations updates for April 2025. The company produced 463 Bitcoin during the month, marking a 23% year-over-year increase from April 2024.
Bitcoin Production and Operations Highlights
Corsicana Facility Performance (April 2025)
| Metric | April 2025 | March 2025 | April 2024 | Month/Month Change | Year/Year Change |
|---|---|---|---|---|---|
| Bitcoin Produced | 463 | 533 | 375 | -13% | +23% |
| Avg. Bitcoin per Day | 15.4 | 17.2 | 12.5 | -10% | +23% |
| Bitcoin Held (End of Month) | 19,211 | 19,223 | 8,872 | 0% | +117% |
| Bitcoin Sold | 475 | — | — | N/A | N/A |
| Net Proceeds from Sales | $38.8M | — | — | N/A | N/A |
| Avg. Net Price per Bitcoin | $81,731 | N/A | N/A | N/A | N/A |
Operational Metrics
- Deployed Hash Rate: 33.7 EH/s (unchanged from March 2025).
- Fleet Efficiency: 21.0 J/TH (improved 22% year-over-year).
- Power Cost: 3.7¢/kWh (down 3% month-over-month).
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Strategic Updates
CEO Jason Les highlighted key developments:
- Rhodium Acquisition: Completed acquisition of Rhodium’s assets, including 125 MW power capacity, concluding Riot’s exit from hosting services.
- Bitcoin Sales: Sold April’s production to fund growth, reducing reliance on equity financing.
"We remain committed to our long-term Bitcoin treasury strategy, reflecting our conviction in Bitcoin’s future potential."
— Jason Les, CEO
Upcoming Investor Events
- Texas Energy and Mining Summit: May 6–7 (Austin, TX).
- Bitcoin 2025: May 27–29 (Las Vegas, NV).
Career Opportunities
Riot is hiring across multiple departments. Visit their careers page for open positions.
👉 Join Riot’s growing team and contribute to Bitcoin network expansion.
FAQs
Q: Why did Riot sell its April Bitcoin production?
A: To fund operational growth while minimizing equity dilution.
Q: What is Riot’s current hash rate capacity?
A: 33.7 EH/s, with plans for further expansion.
Q: How does Riot’s efficiency compare to industry standards?
A: At 21.0 J/TH, Riot’s fleet outperforms the 2024 average of 27.0 J/TH.
Q: What are Riot’s long-term Bitcoin holdings?
A: As of April 2025, Riot holds 19,211 Bitcoin, including 1,900 in restricted assets.
About Riot Platforms, Inc.:
Riot (NASDAQ: RIOT) is a vertically integrated Bitcoin mining company with operations in Texas and Kentucky, focused on sustainable infrastructure development.
Safe Harbor Statement: Forward-looking statements are subject to risks detailed in SEC filings.