Riot平台破坏了传统，随着财务压力开始显示，比特币的卸载数百万

在紧缩利润和备受纪念后的逆风中，矿工的最新举动标志着战略转变，可能会在整个行业中荡漾。

Key Takeaways

关键要点

* Riot Platforms has broken with tradition , offloading millions in Bitcoin as financial strain begins to show.

* Riot Platforms的传统破裂了，随着财务压力开始显示，比特币的数百万。

* Amid tightening margins and post-halving headwinds, the miner’s latest move signals a strategic shift that could ripple across the industry.

*矿工的最新举动在收紧的利润和备受纪念后的逆风下，这标志着战略转变，可能会在整个行业中荡然无存。

Riot Sells $44 Million Worth of Bitcoin

防暴售出价值4400万美元的比特币

Riot Platforms sold 475 BTC in April, a move that signals a strategic shift for the miner as it faces increasing financial pressure.

Riot Platforms在4月份出售了475 BTC，此举标志着矿工面临日益增加的财务压力时的战略转变。

This marks the miner’s first significant monthly bitcoin sale since January 2024.

这标志着矿工自2024年1月以来的首次重大每月比特币销售。

In its latest production report, Riot disclosed selling every one of the 463 BTC mined during April, plus an additional 12 BTC from its existing reserves.

Riot在其最新的生产报告中透露了4月在4月开采的463个BTC中的每一个，以及其现有储量中的12个BTC。

The sales generated $38.8 million in proceeds at an average price of $81,731 per BTC.

销售额以平均每BTC的平均价格为81,731美元的收益产生了3880万美元。

This shifts away from Riot’s previous strategy of holding onto all mined bitcoin.

这从暴动以前的策略持有所有采矿比特币的策略。

The decision comes as miners face rising pressure on mining margins, especially following the recent halving event.

该决定是因为矿工面临着在开采利润率的压力上升，尤其是在最近的减半事件之后。

Riot also recently secured a $100 million credit line from Coinbase, backed by Bitcoin, further highlighting its strategy to diversify financing options amid tighter market conditions.

Riot最近还从Coinbase获得了1亿美元的信用额度，并得到了比特币的支持，进一步强调了其在市场条件下的策略，以使融资期权多样化。

Despite the sale, the company retained a sizable 19,211 BTC on its books as of April 30.

尽管进行了销售，但截至4月30日，该公司仍在其书籍中保留了19,211 BTC。

Stock Drops Following News

新闻后股票下降

Riot Platforms’ stock fell 5.5% in regular New York trading following news of its Bitcoin sale, closing at $7.90. It regained ground during the after-hours activity, rising by 0.8%.

Riot Platforms的股票在纽约的常规交易中下跌了5.5％，此前其比特币出售的消息收盘价为7.90美元。它在下班后的活动中恢复了地面，上升了0.8％。

Unlike its crypto-sector peers, which saw gains in April, RIOT slipped 2.2% last month.

与四月份收益的加密助人行业同行不同，Riot上个月下跌了2.2％。

The downtrend extends into 2025, with shares tumbling 22% year-to-date, making it one of the weaker performers among publicly traded crypto companies.

下降趋势延伸到2025年，股票年满22％，使其成为公开交易的加密货币公司中表现较弱的人之一。

The company reported first-quarter results last week that disappointed the market despite revenue of $161.4 million, more than doubling year over year with a 103% increase.

该公司上周报告了第一季度业绩，尽管收入为1.614亿美元，但增加了103％的增长，这使市场失望。

In fact, despite the revenue surge, the mining firm posted a net loss of $296.4 million, reversing a $211.8 million profit from the same period last year.

实际上，尽管收入激增，但这家采矿公司的净亏损为2.964亿美元，从去年同期撤销了2.118亿美元的利润。

This translates to a loss of $0.90 per share, compared to earnings of $0.82 per share in the first quarter of 2024.

这意味着每股亏损0.90美元，而2024年第一季度的每股收益为0.82美元。

BTC Production Slows From March

BTC生产从3月开始减慢

Riot Platforms faced several operational setbacks in April 2025, with key performance metrics showing notable declines compared to the previous month.

Riot平台在2025年4月面临几次操作挫折，与上个月相比，关键性能指标显示出明显下降。

Most significantly, Bitcoin production fell by 13% month-over-month, dropping from 533 BTC in March to 463 BTC in April. Average daily output mirrored this decline, falling by 10% to 15.4 BTC per day.

最重要的是，比特币产量下降了13％，一个月以上，从3月的533 BTC下降到4月的463 BTC。平均每日产出反映了这种下降，每天下降10％至15.4 BTC。

The company’s average operating hash rate also slipped by 3%, decreasing from 30.3 EH/s to 29.3 EH/s, indicating a slight dip in mining efficiency. Meanwhile, despite holding steady at 33.7 EH/s in deployed hash rate, the stagnation suggests a pause in scaling operations.

该公司的平均运营哈希率也下跌了3％，从30.3 EH/s降低到29.3 EH/s，表明采矿效率略有下降。同时，尽管在部署的哈希速率中保持稳定为33.7 EH/s，但停滞表明缩放操作停止了。

While year-over-year figures show growth, particularly in hash rate and Bitcoin holdings, the short-term performance highlights operational pressures.

虽然年份的数字显示出增长，尤其是在哈希率和比特币持有量方面的增长，但短期绩效突出了运营压力。