Riot Platforms (NASDAQ: RIOT) produced 463 Bitcoin in April 2025, down 13% from March however up 23% year-over-year, in keeping with its newest unaudited month-to-month manufacturing and operations report. The corporate additionally bought 475 Bitcoin for internet proceeds of $38.8 million at a median value of $81,731, marking a strategic shift in funding operations.
“Riot mined 463 bitcoin in April because the community skilled two successive issue changes in the course of the month,” said Jason Les, CEO of Riot.
The corporate closed a major deal in April, buying all tangible property of Rhodium at its Rockdale Facility, together with 125 MW of energy capability. “April was a major month for Riot as we closed on the acquisition of the entire tangible property of Rhodium at our Rockdale Facility, together with 125 MW of energy capability, and mutually ended all excellent litigation,” Les continued. “This transaction ends the internet hosting settlement with our final internet hosting consumer and marks the entire exit of Riot from the bitcoin mining internet hosting enterprise.”
Common each day bitcoin manufacturing fell to fifteen.4 BTC/day in comparison with 17.2 BTC/day in March, pushed by rising community issue. Riot’s deployed hash price remained flat at 33.7 EH/s, whereas its common working hash price dipped 3% to 29.3 EH/s. The corporate maintained robust fleet effectivity at 21.0 J/TH, a 22% enchancment year-over-year.
Energy technique additionally remained a robust contributor to Riot’s backside line. Complete energy credit reached $2.0 million in April—up 131% from March—pushed by elevated demand response and curtailment participation.
“In the course of the month of April, we made the strategic determination to promote our month-to-month manufacturing of bitcoin to fund ongoing progress and operations,” mentioned Les. “These gross sales scale back the necessity for fairness fundraising, limiting the quantity of dilution in our inventory.”
Riot ended the month with 19,211 Bitcoin held, together with 1,900 in restricted property, holding regular from March however greater than double its April 2024 complete.
The corporate mentioned it’s actively recruiting and will likely be taking part in a number of main trade occasions in Could, together with the Bitcoin 2025 conference in Las Vegas.
With a vertically built-in mannequin and up to date operational consolidation, Riot continues to place itself as a long-term chief in U.S.-based Bitcoin mining.