Riot Platforms Produces 463 BTC in April, Exits Hosting Business and Sells All Production to Fund Growth

Riot 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.