Riot Platforms Mines 450 Bitcoin in June, Up 76% YoY, Power Credits Double to $5.6 Million

Riot Platforms (NASDAQ: RIOT) reported mining 450 Bitcoin in June 2025, a 12% decrease from May but a 76% increase year-over-year. The company sold 397 BTC for $41.7 million at an average price of $105,071, ending the month with 19,273 BTC (more than double June 2024). Operating hash rate reached 29.8 EH/s (down 5% MoM, up 162% YoY), while fleet efficiency remained at 21.2 J/TH, an 18% improvement. Power credits surged to $5.6 million, more than double the prior month, aided by participation in ERCOT's 4CP demand response program. CEO Jason Les highlighted the strategic value of Riot's power strategy in stabilizing the grid and enhancing competitiveness. Additionally, the company completed its acquisition of Rhodium's tangible assets at the Rockdale Facility (including 125 MW capacity), marking its exit from the Bitcoin mining hosting business. The performance follows a similar April when Riot produced 463 BTC and sold 475 BTC at $81,731.