Riot Announces February 2025 Production and Operations Updates
Rhea-AI Summary
Riot Platforms (NASDAQ: RIOT) has released its February 2025 production and operations update. The company mined 470 Bitcoin during the month, with production affected by three main factors: planned maintenance, increased power curtailment due to cold weather-driven higher power prices, and February's shorter duration.
Despite these challenges, the company's CEO Jason Les highlighted that Bitcoin production per day decreased by only 1% compared to the previous month, attributed to improved utilization and operational efficiencies across facilities.
The company continues to prioritize its AI/HPC process, with particular focus on the Corsicana Facility, which offers potential access to 1.0 gigawatt of power by 2026. This facility's strategic location near Dallas's Tier 1 data center market presents significant opportunities for Riot's asset value maximization.
Positive
- Daily Bitcoin production declined only 1% despite challenges
- Improved utilization and operational efficiencies across facilities
- Corsicana Facility potential access to 1.0 gigawatt power by 2026
- Strategic location near Dallas Tier 1 data center market
Negative
- Lower Bitcoin production due to planned maintenance
- Increased power curtailment due to higher power prices
- Production impacted by cold weather conditions
News Market Reaction – RIOT
In the trading session that priced this news, RIOT declined 5.08%, reflecting a notable negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Riot Produces 470 Bitcoin in February 2025
Bitcoin Production and Operations Updates for February 2025
Comparison (%) | |||||||
Metric | February 2025 1 | January 2024 1 | February 2024 | Month/Month | Year/Year | ||
Bitcoin Produced | 470 | 527 | 418 | -11 % | 12 % | ||
Average Bitcoin Produced per Day | 16.8 | 17.0 | 14.4 | -1 % | 16 % | ||
Bitcoin Held 2 | 18,692 | 18,221 | 8,067 | 3 % | 132 % | ||
Bitcoin Sold | - | - | - | N/A | N/A | ||
Bitcoin Sales - Net Proceeds | - | - | - | N/A | N/A | ||
Average Net Price per Bitcoin Sold | N/A | N/A | N/A | N/A | N/A | ||
Deployed Hash Rate - | 15.0 EH/s | 15.0 EH/s | 12.4 EH/s | 0 % | 21 % | ||
Deployed Hash Rate - | 15.7 EH/s | 15.7 EH/s | - | 0 % | N/A | ||
Deployed Hash Rate - | 2.9 EH/s | 2.8 EH/s | N/A | 3 % | N/A | ||
Deployed Hash Rate - Total 2 | 33.6 EH/s | 33.5 EH/s | 12.4 EH/s | 0 % | 171 % | ||
Avg. Operating Hash Rate - | 12.9 EH/s | 12.7 EH/s | 8.5 EH/s | 2 % | 52 % | ||
Avg. Operating Hash Rate - | 13.9 EH/s | 14.2 EH/s | - | -2 % | N/A | ||
Avg. Operating Hash Rate - | 2.6 EH/s | 2.4 EH/s | N/A | 7 % | N/A | ||
Avg. Operating Hash Rate - Total 3 | 29.4 EH/s | 29.3 EH/s | 8.5 EH/s | 0 % | 246 % | ||
Power Credits 4 | -36 % | 180 % | |||||
Demand Response Credits 5 | -25 % | 249 % | |||||
Total Power Credits | -33 % | 196 % | |||||
All-in Power Cost - | 3.5c/kWh | 3.4c/kWh | 4.0c/kWh | 4 % | -11 % | ||
All-in Power Cost - | 3.7c/kWh | 3.4c/kWh | N/A | 8 % | N/A | ||
All-in Power Cost - | 4.0c/kWh | 3.9c/kWh | N/A | 4 % | N/A | ||
All-in Power Cost - Total 6 | 3.6c/kWh | 3.4c/kWh | 4.0c/kWh | 7 % | -8 % | ||
Fleet Efficiency 2 | 21.0 J/TH | 21.1 J/TH | 27.0 J/TH | -1 % | -22 % | ||
- Unaudited, estimated.
- As of month-end.
- Average over the month.
- Estimated power curtailment credits.
- Estimated credits received from participation in ERCOT and MISO demand response programs.
- Estimated. Inclusive of all transmission and distribution charges, fees, adders, and taxes. Net of Total Power Credits.
"Riot mined 470 bitcoin in February, with total production impacted by planned maintenance, elevated curtailment driven by higher power prices as a result of colder weather, and a shortened month," said Jason Les, CEO of Riot. "In spite of these factors which impacted total production, ongoing improvements in utilization and operational efficiencies across all our facilities meant that bitcoin produced per day declined only
"Our AI/HPC process remains our top priority, and we have been encouraged by the strong demand we see in the market. The Corsicana Facility represents a unique opportunity to access up to 1.0 gigawatt of power by 2026 in near proximity to the Tier 1 data center market of
Investor Events
- Cantor Fitzgerald Global Technology Conference held in
New York City , NY, March 11th-12th. - 37th Annual Roth Conference held in
Dana Point, CA , March 17th-18th.
Human Resources Update
Riot is currently recruiting for positions across the Company. Join our team in building, expanding, and securing the Bitcoin network.
Open positions are available at: https://www.riotplatforms.com/careers.
About Riot Platforms, Inc.
Riot's (NASDAQ: RIOT) vision is to be the world's leading Bitcoin-driven infrastructure platform. Our mission is to positively impact the sectors, networks, and communities that we touch. We believe that the combination of an innovative spirit and strong community partnership allows the Company to achieve best-in-class execution and create successful outcomes.
Riot is a Bitcoin mining and digital infrastructure company focused on a vertically integrated strategy. The Company has Bitcoin mining operations in central
For more information, visit www.riotplatforms.com.
Safe Harbor
Statements in this press release that are not historical facts are forward-looking statements that reflect management's current expectations, assumptions, and estimates of future performance and economic conditions. Such statements rely on the safe harbor provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Because such statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Words such as "anticipates," "believes," "plans," "expects," "intends," "will," "potential," "hope," similar expressions and their negatives are intended to identify forward-looking statements. These forward-looking statements may include, but are not limited to, statements relating to the Company's development at its Corsicana Facility and the Company's plans, projections, objectives, expectations, and intentions about future events and trends that it believes may affect the Company's financial condition, results of operations, business strategy, short-term and long-term business operations and objectives and financial needs. These forward-looking statements are subject to a number of risks and uncertainties, including, without limitation: risks related to the Company's growth, the anticipated demand for AI/HPC uses, the feasibility of developing the Company's power capacity for AI/HPC uses, competition in the markets in which the Company operates, market growth, the Company's ability to innovate and expand into new markets, the Company's ability to realize benefits from its implementation of new strategies into its business, estimates of Bitcoin production; our future hash rate growth (EH/s); the anticipated benefits, construction schedule, and costs associated with the development of our mining facilities in
Investor Contact:
Phil McPherson
303-794-2000 ext. 110
IR@Riot.Inc
Media Contact:
Alexis Brock
303-794-2000 ext. 118
PR@Riot.Inc
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SOURCE Riot Platforms, Inc.