Riot Platforms (NASDAQ:RIOT) produced 463 Bitcoin in April 2025, a 13% decrease from March and an increase of 23% year-over-year, according to the company's latest unaudited monthly production and operations report. The company also sold 475 Bitcoin for net proceeds of $38.8 million at an average price of $81,731, highlighting a strategic shift in funding operations.
“Riot mined 463 bitcoin in April as the network experienced two successive difficulty adjustments during the month,” stated Jason Les, CEO of Riot.
The company closed a significant deal in April, acquiring all tangible assets of Rhodium at its Rockdale Facility, including 125 MW of power capacity. “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,” Les continued. “This transaction ends the hosting agreement with our last hosting client and marks the complete exit of Riot from the bitcoin mining hosting business.”
Average daily bitcoin production fell to 15.4 BTC/day compared to 17.2 BTC/day in March, with the increase in network difficulty impacting output. Riot's deployed hash rate remained constant at 33.7 EH/s, while its average operating hash rate decreased by 3% to 29.3 EH/s. The company reported strong fleet efficiency at 21.0 J/TH, showcasing a 22% improvement year-over-year.
Riot's power strategy also contributed to the company's performance. Total power credits amounted to $2.0 million in April—a 131% surge from March—driven by increased demand response and curtailment participation.
“During the month of April, we made the strategic decision to sell our monthly production of bitcoin to fund ongoing growth and operations,” disclosed Les. “These sales reduce the need for equity fundraising, limiting the amount of dilution in our stock.”
Riot Platforms ended April with 19,211 Bitcoin in its holdings, including 1,900 in restricted assets. This marks a slight change from March but more than double the company's April 2024 total.
The company is actively recruiting new talent and will be participating in several industry events in May, including the Bitcoin 2025 conference in Las Vegas.
With a vertically integrated model and recent operational consolidation, Riot Platforms continues to strengthen its position as a prominent U.S.-based Bitcoin miner.
