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Riot Announces April 2025 Production and Operations Updates
Riot Produces 463 Bitcoin in April 2025 CASTLE ROCK, Colo., May 5, 2025 /PRNewswire/ -- Riot Platforms, Inc. (NASDAQ: RIOT) ("Riot" or "the Company"), an
About this update from Riot Platforms, Inc.
[{"type":"text","content":"Riot Produces 463 Bitcoin in April 2025 \nCASTLE ROCK, Colo., May 5, 2025 /PRNewswire/ -- Riot Platforms, Inc. (NASDAQ: RIOT) (\"Riot\" or \"the Company\"), an industry leader in vertically integrated Bitcoin (\"BTC\") mining, announces unaudited production and operations updates for April 2025.\nBitcoin Production and Operations Updates for April 2025\nComparison (%)\nMetric\nApril 2025 1\nMarch 2025 1\nApril 2024\nMonth/Month\nYear/Year\nBitcoin Produced\n463\n533\n375\n-13 %\n23 %\nAverage Bitcoin Produced per Day\n15.4\n17.2\n12.5\n-10 %\n23 %\nBitcoin Held 2\n19,2113\n19,223\n8,872\n0 %\n117 %\nBitcoin Sold\n475\n-\n-\nN/A\nN/A\nBitcoin Sales - Net Proceeds\n$38.8 million\n-\n-\nN/A\nN/A\nAverage Net Price per Bitcoin Sold\n$81,731\nN/A\nN/A\nN/A\nN/A\nDeployed Hash Rate - Total 2\n33.7 EH/s\n33.7 EH/s\n12.6 EH/s\n0 %\n168 %\nAvg. Operating Hash Rate - Total 4\n29.3 EH/s\n30.3 EH/s\n8.8 EH/s\n-3 %\n234 %\nPower Credits 5\n$0.7 million\n$0.2 million\n$0.7 million\n356 %\n8 %\nDemand Response Credits 6\n$1.3 million\n$0.7 million\n$1.2 million\n80 %\n5 %\nTotal Power Credits\n$2.0 million\n$0.9 million\n$1.9 million\n131 %\n6 %\nAll-in Power Cost - Total 7\n3.7c/kWh\n3.8c/kWh\n3.6c/kWh\n-3 %\n4 %\nFleet Efficiency 2\n21.0 J/TH\n21.0 J/TH\n27.0 J/TH\n0 %\n-22 %\nUnaudited, estimated.As of month-end.Includes 1,900 in restricted bitcoin.Average over the month.Estimated power curtailment credits.Estimated credits received from participation in ERCOT and MISO demand response programs.Estimated. Inclusive of all transmission and distribution charges, fees, adders, and taxes. Net of Total Power Credits.\"Riot mined 463 bitcoin in April as the network experienced two successive difficulty adjustments during the month,\" said Jason Les, CEO of Riot. \"April was a significant month for Riot as we closed on the acquisition of all of the tangible assets of Rhodium at our Rockdale Facility, including 125 MW of power capacity, and mutually ended all outstanding litigation. This transaction ends the hosting agreement with our last hosting client and marks the complete exit of Riot from the bitcoin mining hosting business.\n\"During the month of April, we made the strategic decision to sell our monthly production of bitcoin to fund ongoing growth and operations. We continuously evaluate the best funding sources considering a multitude of fac...