Riot reveals updates on production and operations for March 2025
April 4, 2025
Riot Platforms, Inc. recently announced its unaudited production and operations updates for March 2025, showcasing its ongoing commitment to being a leader in Bitcoin mining. The company, listed on NASDAQ as RIOT, reported that it produced 533 Bitcoins in March, marking a significant increase compared to the previous months and the same period last year.
The data revealed that Riot’s average daily Bitcoin production in March was 17.2, continuing its upward trend from previous months. This achievement represents a 2% increase from February 2025 and a remarkable 25% increase compared to March 2024. Additionally, the company’s total Bitcoin holdings reached 19,223 by the end of March, showing a 3% increase from February and an astounding 126% increase compared to the same period the previous year.
The hash rate, a crucial factor in Bitcoin mining operations, also saw improvements in Riot’s performance. The total deployed hash rate stood at 33.7 EH/s in March, a marginal increase from the previous month, but an impressive 172% increase compared to March 2024. The average operating hash rate also recorded growth, reaching 30.3 EH/s, showing a 3% increase from February and an outstanding 254% increase from March 2024.
Financially, Riot demonstrated efficiency and cost-effectiveness in its operations. The company reported a significant decrease in power credits, with a decrease of 92% from February 2025 and a 66% decrease from March 2024. Moreover, the all-in power cost decreased by 7% compared to the previous year, showcasing Riot’s commitment to optimizing its operational costs.
In a statement, Jason Les, CEO of Riot, expressed his satisfaction with the operational improvements made by the company’s onsite teams. He highlighted the positive results in operating hash rate growth and increased Bitcoin production, despite challenges posed by network difficulty. Les also mentioned the completion of a feasibility study by Altman Solon regarding the potential usage of the Corsicana Facility for AI/HPC purposes.
The Altman Solon feasibility study highlighted several key factors that make the Corsicana Facility an attractive asset for potential AI/HPC tenants. These factors include the availability of 1.0 GW of secured power, proximity to Dallas, developable land acreage, and existing infrastructure for fiber and water. The report identified significant growth potential in serving both inference AI and cloud-type workloads, potentially increasing the market demand and value of the Corsicana Facility as an AI/HPC data center.
Riot intends to aggressively develop the available capacity at the Corsicana Facility for AI/HPC uses and will continue to provide updates on its progress. The company’s focus on innovation and strategic partnerships underscores its commitment to remaining at the forefront of the Bitcoin mining industry.