Riot Platform2026-07-02 18:45:14Riot Platforms Produces 463 BTC in April, Exits Hosting Business and Sells All Production to Fund GrowthRiot Platforms (NASDAQ: RIOT) mined 463 Bitcoin in April 2025, down 13% month-over-month but up 23% year-over-year, according to its latest unaudited report. The company sold 475 BTC for net proceeds of $38.8 million at an average price of $81,731, marking a strategic shift in funding operations. Riot completed the acquisition of all tangible assets of Rhodium at its Rockdale Facility, including 125 MW of power capacity, and ended all outstanding litigation, fully exiting the Bitcoin mining hosting business. Power credits reached $2.0 million in April, up 131% from March. The company ended the month with 19,211 BTC held. CEO Jason Les stated that selling monthly production reduces the need for equity fundraising and limits dilution. Riot is recruiting and plans to attend the Bitcoin 2025 conference in Las Vegas.470
Riot Platform2026-07-02 15:00:14Riot Platforms Mines 450 Bitcoin in June, Up 76% YoY, Power Credits Double to $5.6 MillionRiot 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 $81,731.570
