Riot Platforms, Inc. (NASDAQ: RIOT), a leader in vertically integrated Bitcoin mining, reported unaudited production and operational updates for January 2025. The company produced 527 Bitcoin during the month, marking a 2% increase from December 2024 and a 1% rise year-over-year.
Bitcoin Production and Operations Highlights
Key Metrics for January 2025
- Bitcoin Produced: 527 (vs. 516 in December 2024)
- Average Daily Production: 17.0 Bitcoin
- Bitcoin Held: 18,221 (a 138% increase from January 2024)
- Deployed Hash Rate: 33.5 EH/s (up 6% month-over-month)
- Total Power Credits: $3.6 million (a 250% surge from December 2024)
👉 Explore Bitcoin mining efficiency trends
Operational Improvements
- Corsicana Facility: Achieved full operational status with a hash rate of 15.7 EH/s.
- Kentucky Site: Deployed hash rate grew 19% to 2.8 EH/s.
- Fleet Efficiency: Improved to 21.1 J/TH (down 22% year-over-year).
Strategic Shifts: AI/HPC Feasibility Study
Riot has paused its 600 MW Phase II Bitcoin mining expansion at Corsicana to evaluate AI/High-Performance Computing (HPC) opportunities. The company engaged Altman Solon to assess feasibility, potentially repurposing the remaining power capacity.
Projected 2025 Adjustments:
- Revised Hash Rate Target: 38.4 EH/s (down from 46.7 EH/s).
- Capital Expenditures: Reduced to align with new priorities.
FAQs
Q: How does Riot’s January 2025 production compare to previous months?
A: Production rose 2% month-over-month (527 vs. 516 Bitcoin) and 1% year-over-year.
Q: What caused the surge in power credits?
A: Credits jumped 250% due to estimated curtailment and demand response programs.
Q: Why is Riot exploring AI/HPC opportunities?
A: To diversify revenue streams and optimize unused power capacity at Corsicana.
👉 Learn about Bitcoin mining infrastructure
Investor and HR Updates
- Event: Bernstein’s TMT Forum (Feb 26–27, Menlo Park).
- Careers: Open positions listed at Riot’s careers page.
Riot remains committed to innovation and community impact in the Bitcoin ecosystem.
### SEO Keywords:
1. Bitcoin mining
2. Riot Platforms 2025
3. Hash rate growth
4. Corsicana Facility
5. AI/HPC feasibility
6. Power credits
7. Cryptocurrency production
8. Mining efficiency