Riot Announces June 2025 Production and Operations Updates

Rhea-AI Summary

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.

Positive

• Bitcoin production increased 76% year-over-year to 450 BTC
• Bitcoin holdings doubled year-over-year to 19,273 BTC
• Average net price per Bitcoin sold increased to $105,071
• Total power credits grew 141% month-over-month to $5.6 million
• Fleet efficiency improved 18% year-over-year to 21.2 J/TH
• Deployed hash rate increased 62% year-over-year to 35.5 EH/s

Negative

• Monthly Bitcoin production decreased 12% from May 2025
• Average operating hash rate declined 5% month-over-month
• All-in power cost increased 25% year-over-year to 3.4c/kWh

Insights

Cryptocurrency Mining Analyst

Riot's June Bitcoin production declined 12% monthly but increased 76% yearly, with strategic power management improving profitability despite production drop.

Riot produced 450 Bitcoin in June 2025, representing a 12% decrease from May's 514 Bitcoin, but a substantial 76% year-over-year increase from 255 Bitcoin in June 2024. This monthly decline occurred despite only a marginal increase in deployed hash rate (35.5 EH/s vs 35.4 EH/s), suggesting operational factors beyond capacity affected production.

The company's average operating hash rate declined 5% month-over-month to 29.8 EH/s, explaining part of the production decrease. However, Riot demonstrated excellent strategic power management, increasing total power credits by 141% to $5.6 million through participation in grid demand response programs. This reduced their all-in power costs by 11% to 3.4¢/kWh, directly improving profitability margins despite lower production.

Riot's Bitcoin holdings grew marginally to 19,273 Bitcoin (106% year-over-year increase), maintaining their substantial treasury position. The company sold 397 Bitcoin at an average price of $105,071, generating $41.7 million in net proceeds. The 2% increase in average selling price partially offset the reduced sales volume.

Fleet efficiency remained stable at 21.2 J/TH, representing an 18% improvement year-over-year, demonstrating the company's continued commitment to operational optimization. CEO Jason Les highlighted how their power strategy, including participation in ERCOT's Four Coincident Peak program, contributes to both grid stability and competitive positioning - showing how the company balances immediate production with strategic participation in power markets.

Riot Produces 450 Bitcoin in June 2025

CASTLE ROCK, Colo., July 03, 2025 (GLOBE NEWSWIRE) -- Riot Platforms, Inc. (NASDAQ: RIOT) (“Riot” or “the Company”), a Bitcoin-driven industry leader in the development of large-scale data centers for high performance compute and bitcoin mining applications, announces unaudited production and operations updates for June 2025.  

Bitcoin Production and Operations Updates for June 2025

				Comparison (%)
Metric	June 20251	May 20251	June 20241	Month/Month	Year/Year
Bitcoin Produced	450	514	255	-12%	76%
Average Bitcoin Produced per Day	15.0	16.6	8.5	-10%	76%
Bitcoin Held2	19,273	19,225	9,334	0%	106%
Bitcoin Sold	397	500	-	-21%	N/A
Bitcoin Sales - Net Proceeds	$41.7 million	$51.3 million	-	-19%	N/A
Average Net Price per Bitcoin Sold	$105,071	$102,591	N/A	2%	N/A
Deployed Hash Rate - Total2	35.5 EH/s	35.4 EH/s	22.0 EH/s	0%	62%
Avg. Operating Hash Rate - Total4	29.8 EH/s	31.5 EH/s	11.4 EH/s	-5%	162%
Power Credits5	$3.8 million	$0.6 million	$4.2 million	549%	-11%
Demand Response Credits6	$1.8 million	$1.7 million	$0.5 million	6%	247%
Total Power Credits	$5.6 million	$2.3 million	$4.8 million	141%	18%
All-in Power Cost - Total7	3.4c/kWh	3.8c/kWh	2.7c/kWh	-11%	25%
Fleet Efficiency2	21.2 J/TH	21.2 J/TH	25.8 J/TH	-0%	-18%

1. Unaudited, estimated.
2. As of month-end.
3. Includes 3,300 in restricted bitcoin.
4. Average over the month.
5. Estimated power curtailment credits.
6. Estimated credits received from participation in ERCOT and MISO demand response programs.
7. Estimated. Inclusive of all transmission and distribution charges, fees, adders, and taxes. Net of Total Power Credits.
   

“Riot mined 450 bitcoin in June, which also represented the start of ERCOT’s Four Coincident Peak (“4CP”) program,” said Jason Les, CEO of Riot. “Riot’s power strategy, which includes economic curtailment and voluntary participation in the 4CP and other demand response programs, significantly contribute to grid stability while enhancing Riot’s competitive positioning.”

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 Texas and Kentucky, and electrical engineering and fabrication operations in Denver, Colorado, and Houston, Texas.

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 Texas, Kentucky and elsewhere; our expected schedule of new miner deliveries; our access to electrical power; the impact of weather events on our operations and results; our ability to successfully deploy new miners; the variance in our mining pool rewards may negatively impact our results of Bitcoin production; our megawatt capacity under development; risks related to the Company’s inability to realize the anticipated benefits from immersion cooling; the inability to integrate acquired businesses successfully, or such integration may take longer or be more difficult, time-consuming or costly to accomplish than anticipated; or the failure of the Company to otherwise realize anticipated efficiencies and strategic and financial benefits from our business strategies. Detailed information regarding the factors identified by the Company’s management which they believe may cause actual results to differ materially from those expressed or implied by such forward-looking statements in this press release may be found in the Company’s filings with the U.S. Securities and Exchange Commission (the “SEC”), including the risks, uncertainties and other factors discussed under the sections entitled “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” of the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2024, and the other filings the Company makes with the SEC, copies of which may be obtained from the SEC’s website, www.sec.gov. All forward-looking statements included in this press release are made only as of the date of this press release, and the Company disclaims any intention or obligation to update or revise any such forward-looking statements to reflect events or circumstances that subsequently occur, or of which the Company hereafter becomes aware, except as required by law. Persons reading this press release are cautioned not to place undue reliance on such forward-looking statements.   
  
Investor Contact:   
Phil McPherson   
303-794-2000 ext. 110   
IR@Riot.Inc   
  
Media Contact:   
Alexis Brock   
303-794-2000 ext. 118    
PR@Riot.Inc

FAQ

How many Bitcoin did Riot Platforms (RIOT) produce in June 2025?

Riot produced 450 Bitcoin in June 2025, representing a 76% increase year-over-year but a 12% decrease from May 2025.

What was Riot's (RIOT) Bitcoin sales revenue in June 2025?

Riot generated $41.7 million in net proceeds from selling 397 Bitcoin at an average price of $105,071 per Bitcoin.

How many Bitcoin does Riot (RIOT) hold as of June 2025?

Riot held 19,273 Bitcoin as of June 2025, including 3,300 in restricted bitcoin, representing a 106% increase from June 2024.

What is Riot's (RIOT) current deployed hash rate?

Riot's total deployed hash rate reached 35.5 EH/s in June 2025, a 62% increase year-over-year from 22.0 EH/s.

How much did Riot (RIOT) earn in power credits for June 2025?

Riot earned $5.6 million in total power credits, including $3.8 million in power credits and $1.8 million in demand response credits.