Riot Platforms Ord Shs Stock Price, News & Analysis

Riot Platforms (NASDAQ: RIOT) reported its June 2025 production of 450 Bitcoin, marking a 76% year-over-year increase but a 12% decrease from May 2025. The company's total deployed hash rate reached 35.5 EH/s, up 62% year-over-year.

Riot sold 397 Bitcoin at an average price of $105,071, generating $41.7 million in net proceeds. The company's Bitcoin holdings grew to 19,273, representing a 106% increase year-over-year. Notable operational achievements include $5.6 million in total power credits and improved fleet efficiency at 21.2 J/TH.

Riot Platforms reported strong Bitcoin mining performance in May 2025, producing 514 BTC, an 11% increase from April and 139% year-over-year growth. The company sold 500 BTC at an average price of $102,591, generating $51.3M in net proceeds. Riot's deployed hash rate reached 35.4 EH/s, up 142% year-over-year, while maintaining 19,225 BTC in holdings. The company's operational efficiency improved with fleet efficiency at 21.2 J/TH, a 24% improvement from the previous year. Additionally, Riot acquired 355 acres near its Corsicana site for data center expansion and appointed Jonathan Gibbs as Chief Data Center Officer to lead their hyperscale and enterprise-focused data center platform development.

Riot Platforms (NASDAQ: RIOT) has appointed Jonathan Gibbs as Chief Data Center Officer (CDCO) to lead its new data center platform development. This strategic move aims to diversify beyond bitcoin mining by developing non-bitcoin data centers for hyperscale and enterprise clients. Gibbs brings over 15 years of experience in data center development, having overseen projects totaling more than one gigawatt of capacity across North America, Europe, and Asia, with infrastructure investments exceeding $17 billion. Previously serving as Executive VP of Product Delivery at Prime Data Centers, Gibbs will leverage Riot's 1.7 gigawatts power pipeline to develop state-of-the-art facilities. This expansion aligns with Riot's strategy to maximize asset value, generate long-term cash returns, and capitalize on growing demand for digital infrastructure driven by cloud computing and AI applications.

Riot Platforms (NASDAQ: RIOT) has successfully expanded its credit facility with Coinbase Credit from $100 million to $200 million. The upsized facility maintains identical terms to the existing agreement, including the interest rate calculated as the greater of the federal funds rate or 3.25%, plus 4.50%. The facility will mature in 364 days, with a possible extension for another 364 days subject to Coinbase's approval. The loan is secured by a portion of Riot's Bitcoin holdings and will be used for strategic initiatives and general corporate purposes.

In April 2025, Riot Platforms (NASDAQ: RIOT) produced 463 Bitcoin, marking a 13% decrease from March but a 23% increase year-over-year. The company's average daily Bitcoin production was 15.4 BTC. Riot made a strategic decision to sell 475 BTC at an average price of $81,731, generating $38.8 million in net proceeds. The company maintained a deployed hash rate of 33.7 EH/s, representing a 168% increase from April 2024. Notably, Riot completed the acquisition of Rhodium's tangible assets, including 125 MW of power capacity, marking its complete exit from the bitcoin mining hosting business. The company earned $2.0 million in total power credits and achieved an improved fleet efficiency of 21.0 J/TH, a 22% enhancement year-over-year.

Riot Platforms (NASDAQ: RIOT) reported strong Q1 2025 financial results with total revenue reaching $161.4 million, up from $79.3 million in Q1 2024. The company produced 1,530 bitcoin with Bitcoin Mining revenue of $142.9 million. Key highlights include:

The average mining cost per bitcoin increased to $43,808 from $23,034 in Q1 2024, primarily due to the April 2024 halving event and a 41% increase in global network hash rate. The company maintained a strong financial position with $310.3 million in working capital and holds 19,223 unencumbered bitcoin valued at approximately $1.6 billion.

Notable developments include the acquisition of Rhodium's mining operations, eliminating $15 million in annual operating losses, and progress on their AI/HPC data center business at the Corsicana site. The company's deployed hash rate reached 33.7 EH/s, and construction continues on a substation to bring 1.0 GW of power capacity online by early 2026.

Riot Platforms has completed the acquisition of Rhodium assets at its Rockdale Facility for $185 million. The deal includes $129.9 million in cash, $6.1 million in returned power security deposit, and $49 million in Riot common stock (6,989,800 shares at $7.01 per share).

Key highlights:

• Terminates unprofitable legacy hosting contracts with Rhodium that generated ~$15 million loss in FY 2024
• Riot gains 125 MW of power capacity at Rockdale Facility
• Acquires all Rhodium's tangible property, including ASIC miners
• Both parties agree to dismiss all existing litigation

The transaction marks a strategic milestone for Riot, ending a loss-making contract inherited through the Whinstone acquisition. The entire Rockdale Facility power capacity is now dedicated to Riot and its subsidiaries.

Riot Platforms (NASDAQ: RIOT) has secured a $100 million credit facility from Coinbase Credit, Inc., a subsidiary of Coinbase Global, Inc. The multiple drawdown term loan facility will be available over a two-month period following the effective date.

The credit facility represents Riot's first bitcoin-backed funding arrangement, providing non-dilutive financing for strategic initiatives and general corporate purposes. The loan terms include an interest rate calculated as the greater of the federal funds rate or 3.25%, plus 4.50% annually.

The facility will mature in 364 days with a possible extension for an additional 364 days, subject to Coinbase's approval. The loan will be secured by a portion of Riot's bitcoin holdings.

Riot Platforms (NASDAQ: RIOT), a leading vertically integrated Bitcoin mining company, has scheduled its Q1 2025 earnings conference call for Thursday, May 1, 2025, at 4:30 P.M. EST. The call will cover financial results for the quarter ending March 31, 2025.

Participants can join through an audio-only webcast or dial in directly. A replay of the webcast will be available after the call concludes.