Riot reveals updates for production and operations in April 2025
Riot Platforms, Inc., a frontrunner in integrated Bitcoin mining, has disclosed its production and operations figures for April 2025. The company generated a total of 463 Bitcoins during the month, displaying a 13% decrease from March 2025. Riot’s average daily production was 15.4 Bitcoins, marking a 10% decline compared to the previous month. In a year-over-year comparison, the production increased by 23%, showcasing the company’s growth in the sector.
The total number of Bitcoins held by Riot in April was 19,211, with a minor 0% change from the previous month. This reflects an impressive 117% increase in holdings compared to April 2024. The company successfully sold 475 Bitcoins in April, yielding net proceeds of $38.8 million with an average net price of $81,731 per Bitcoin sold.
Riot’s deployed hash rate remained consistent at 33.7 EH/s, showcasing the stability in the company’s mining operations. The average operating hash rate totaled 29.3 EH/s, demonstrating a 3% decrease from the previous month but a substantial 234% increase compared to April 2024. Riot’s cost efficiency was highlighted by a 3.7c/kWh all-in power cost, reflecting a 3% decrease from the previous month and a 4% increase from April 2024. The company’s fleet efficiency improved significantly, with a 22% decrease in energy consumption to produce 1 TH.
CEO Jason Les emphasized Riot’s strategic decisions in April, including the completion of an acquisition that solidified the company’s power capacity and the cessation of all hosting services, aligning with Riot’s Bitcoin treasury strategy. Les emphasized the importance of funding growth through Bitcoin sales to bolster operations and limit dilution of stock, a move that resonates with the company’s commitment to sustainable financial strategies.
Investor events lined up in May include the Texas Energy and Mining Summit, the Needham 20th Annual Technology Conference, AIM Summit in London, B. Riley 25th Annual Investor Conference, and Bitcoin 2025 in Las Vegas. These events provide insights into Riot’s positioning and future endeavors in the Bitcoin industry.
Riot currently seeks candidates to join its expanding team, offering opportunities across various roles within the organization. The company’s emphasis on community partnerships and innovative practices underpins its vision to be a leading Bitcoin infrastructure platform, driving positive impacts across sectors and communities. Riot’s operations span Bitcoin mining in Texas and Kentucky, alongside electrical engineering and fabrication services in Colorado and Texas.
Riot Platforms, Inc. operates under the safe harbor provisions, embracing forward-looking statements to reflect its current expectations, performance, and economic outlook. As the company navigates the dynamic landscape of Bitcoin mining, Riot remains dedicated to optimizing operations, maintaining financial stability, and achieving long-term success in the industry.
