Riot Announces November 2025 Production and Operations Updates

Rhea-AI Summary

Riot (NASDAQ: RIOT) released unaudited November 2025 production and operations updates showing 428 bitcoin produced in the month and 19,368 bitcoin held at month-end (includes 3,977 restricted coins).

Key operational metrics: deployed hash rate 36.6 EH/s, avg operating hash rate 34.6 EH/s, fleet efficiency 20.5 J/TH. November bitcoin sales generated $37.0 million in net proceeds at an average net price of $96,560 per bitcoin. Total power credits were $2.3 million and all-in power cost was 4.0c/kWh.

Positive

• Bitcoin held 19,368 at month-end (+70% YoY)
• Deployed hash rate 36.6 EH/s (+19% YoY)
• Avg operating hash rate 34.6 EH/s (+34% YoY)
• Total power credits $2.3M (+76% YoY)
• Fleet efficiency 20.5 J/TH (improved 8% YoY)

Negative

• Bitcoin produced 428 (-14% YoY)
• Bitcoin sales net proceeds $37.0M (-20% MoM)
• Average net price per bitcoin sold $96,560 (-16% MoM)

News Market Reaction

+0.26%

1 alert

+0.26% News Effect

On the day this news was published, RIOT gained 0.26%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Bitcoin produced: 428 BTC Bitcoin held: 19,368 BTC Bitcoin sales proceeds: $37.0 million +5 more

8 metrics

Bitcoin produced 428 BTC November 2025 production

Bitcoin held 19,368 BTC Month-end November 2025 (includes 3,977 restricted)

Bitcoin sales proceeds $37.0 million Net proceeds from November 2025 BTC sales

Avg net price per BTC $96,560 Average net price on November 2025 BTC sales

Total power credits $2.3 million November 2025 power and demand response credits

All-in power cost 4.0c/kWh Total November 2025 power cost net of credits

Deployed hash rate 36.6 EH/s Total deployed as of November 2025

Fleet efficiency 20.5 J/TH November 2025 fleet efficiency

Market Reality Check

Price: $17.54 Vol: Volume 20,989,972 is 7% a...

normal vol

$17.54 Last Close

Volume Volume 20,989,972 is 7% above the 20-day average of 19,583,027, indicating slightly elevated interest ahead of the update. normal

Technical Price $15.75 is trading above the 200-day MA at $12.55, reflecting a pre-existing upward bias into this report.

Peers on Argus

RIOT gained 0.39% with key crypto/financial peers also positive: MARA +2.2%, WUL...

RIOT gained 0.39% with key crypto/financial peers also positive: MARA +2.2%, WULF +1.93%, LAZ +1.68%, MC +0.17%, PIPR +0.16%. The modest move in RIOT lagged stronger peer gains.

Historical Context

5 past events · Latest: Dec 04 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Dec 04	Monthly production update	Positive	+0.3%	November 2025 production, sales, power credits, and efficiency metrics.
Nov 04	Monthly production update	Positive	-7.0%	October 2025 production with higher hash rate and bitcoin holdings.
Oct 30	Quarterly earnings results	Positive	-4.9%	Record Q3 2025 revenue, net income, and strong bitcoin mining metrics.
Oct 16	Earnings call announcement	Neutral	-11.7%	Scheduling of Q3 2025 earnings conference call and webcast details.
Oct 03	Monthly production update	Positive	+1.0%	September 2025 production, sales, higher hash rate, and power metrics.

Pattern Detected

Recent history shows a tendency for negative or muted price reactions even after operational or financial updates that highlight growth in hash rate, bitcoin holdings, and revenue.

Recent Company History

Over the last few months, Riot has regularly reported monthly production updates, with bitcoin output between 428–445 BTC and holdings around 19,000+ BTC. Hash rate expanded to the mid‑30 EH/s range and fleet efficiency improved to about 20.5 J/TH. A strong Q3 2025 report delivered $180.2M revenue and $104.5M net income, yet shares sold off then. Today’s November 2025 update, showing 428 BTC produced and 19,368 BTC held, fits this pattern of steady operational scaling.

Market Pulse Summary

This announcement details November 2025 performance: Riot produced 428 BTC, held 19,368 BTC at month...

Analysis

This announcement details November 2025 performance: Riot produced 428 BTC, held 19,368 BTC at month-end, and maintained a deployed hash rate of 36.6 EH/s with fleet efficiency at 20.5 J/TH. Power economics remained important, with total power credits of $2.3 million and an all-in power cost of 4.0c/kWh. In context of recent record Q3 2025 results and prior monthly updates, investors may watch trends in BTC production, realized sale prices, and power credits over coming months.

Key Terms

hash rate, fleet efficiency, demand response credits, all-in power cost, +3 more

7 terms

hash rate technical

"Deployed Hash Rate - Total 2 | | 36.6 E+H/s | 36.6 E+H/s | 30.8 E+H/s"

Hash rate is the measure of how quickly a computer system can process complex calculations needed to verify transactions and add new blocks to a blockchain. It can be thought of as the speed at which a miner's equipment works, similar to how a car's horsepower indicates its power. Higher hash rates generally mean more mining power and greater chances of earning rewards, making it an important indicator of the network's security and competitiveness.

fleet efficiency technical

"Fleet Efficiency 2 | | 20.5 J/TH | 20.5 J/TH | 22.3 J/TH"

Fleet efficiency measures how effectively a group of vehicles or equipment uses resources like fuel, time, and maintenance to complete their tasks. Higher fleet efficiency means more work is done with less waste, saving money and reducing environmental impact. For investors, improved fleet efficiency can signal better management and potential profitability, making it an important indicator of operational performance.

demand response credits technical

"Demand Response Credits 6 | | $1.3 million | $1.0 million | $0.4 million"

Demand response credits are certificates earned when consumers reduce their electricity use during peak times or emergencies. These credits can be sold or traded, providing financial incentives for saving energy when the power grid is under stress. For investors, demand response credits represent a way to participate in energy efficiency efforts and potentially profit from supporting a more reliable and sustainable energy system.

all-in power cost technical

"All-in Power Cost - Total 7 | | 4.0c/kWh | 4.0c/kWh | 3.8c/kWh"

All-in power cost is the total expense of producing one unit of electricity, including both the direct costs of generating power and additional expenses like maintenance, fuel, and operational overhead. It provides a comprehensive view of how much it costs to generate electricity, helping investors assess the profitability and competitiveness of power producers. Understanding this cost is important because it influences pricing, investment decisions, and the ability of a company to stay profitable in changing market conditions.

restricted bitcoin financial

"Includes 3,977 in restricted bitcoin."

Restricted bitcoin is a type of digital currency that cannot be freely transferred or spent until certain conditions are met, similar to a gift card that only becomes usable after a specific date or event. This restriction can help prevent immediate sale or misuse, offering a way to control when and how the bitcoin is accessed. For investors, it matters because it influences how easily they can use or sell these coins, affecting their value and strategy.

ERCOT technical

"credits received from participation in ERCOT and MISO demand response programs."

The Electric Reliability Council of Texas (ERCOT) is the organization that operates and balances the bulk electric grid for most of Texas, acting like an air-traffic controller that matches electricity supply and demand across the state and runs the wholesale power market. Investors care because ERCOT’s decisions, grid reliability, and market prices directly affect the revenues, costs, and risk exposure of utilities, energy producers, large consumers, and companies whose operations depend on stable, affordable power.

MISO technical

"credits received from participation in ERCOT and MISO demand response programs."

MISO is the Midcontinent Independent System Operator, a nonprofit organization that runs the power grid and wholesale electricity markets across a large central U.S. region. Think of it as a traffic controller and marketplace for electricity: it coordinates who supplies power, when and where, and sets prices, so its decisions and rules can directly affect utility revenues, energy costs, reliability and investment returns for companies tied to generation, transmission or energy trading.

AI-generated analysis. Not financial advice.

Riot Produces 428 Bitcoin in November 2025

CASTLE ROCK, Colo., Dec. 04, 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 and bitcoin mining applications, announces unaudited production and operations updates for November 2025.  

Bitcoin Production and Operations Updates for November 2025
								Comparison (%)
Metric			November 20251		October 20251	November 20241		Month/Month	Year/Year
Bitcoin Produced			428		437	495		-2%	-14%
Average Bitcoin Produced per Day			14.3		14.1	16.5		1%	-14%
Bitcoin Held 2			19,3683		19,324	11,425		0%	70%
Bitcoin Sold			383		400	-		-4%	N/A
Bitcoin Sales - Net Proceeds			$37.0 million		$46.0 million	-		-20%	N/A
Average Net Price per Bitcoin Sold			$96,560		$114,970	N/A		-16%	N/A
Deployed Hash Rate - Total 2			36.6 E+H/s		36.6 E+H/s	30.8 E+H/s		0%	19%
Avg. Operating Hash Rate - Total 4			34.6 E+H/s		33.2 E+H/s	25.8 E+H/s		4%	34%
Power Credits 5			$1.0 million		$1.1 million	$0.9 million		-8%	18%
Demand Response Credits 6			$1.3 million		$1.0 million	$0.4 million		22%	191%
Total Power Credits			$2.3 million		$2.1 million	$1.3 million		6%	76%
All-in Power Cost - Total 7			4.0c/kWh		4.0c/kWh	3.8c/kWh		0%	3%
Fleet Efficiency 2			20.5 J/TH		20.5 J/TH	22.3 J/TH		0%	-8%

1. Unaudited, estimated.
2. As of month-end.
3. Includes 3,977 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.
   
   

Investor Events

• B. Riley Securities Convergence Conference: AI, Blockchain & Energy in NYC
  Thursday, December 4^th
  
  

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 most trusted platform for powering and building digital infrastructure.

Riot’s mission is to empower the future of digital infrastructure by positively impacting 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-driven industry leader in the development of large-scale data centers and bitcoin mining applications. The Company’s vertically integrated strategy spans Bitcoin mining, engineering, and the development of large-scale data center projects designed to support the growing demand for high-density computing. Riot currently operates Bitcoin mining facilities in central Texas and Kentucky, with engineering and fabrication capabilities in Denver and Houston. The Company is now expanding into data center development, strengthening its position as a foundational builder in the digital economy.

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 plans to develop data centers, projections, objectives, expectations, and intentions about future events. short-term and long-term business operations and objectives and financial needs. These forward-looking statements based on management’s current expectations about future events as of the date hereof and involve risks and uncertainties that could cause our actual results to differ materially from those expressed or implied in our forward-looking statements. 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 / Joshua Kane
303-794-2000 ext. 110   
IR@Riotplatforms.com   

Media Contact:   
Becca Rincon   
303-794-2000 ext. 118    
PR@Riotplatforms.com

FAQ

How many bitcoin did RIOT produce in November 2025?

RIOT produced 428 bitcoin in November 2025.

What was RIOT's bitcoin holding at November 30, 2025 (RIOT)?

RIOT held 19,368 bitcoin at month-end, including 3,977 restricted coins.

What net proceeds did RIOT report from bitcoin sales in November 2025?

RIOT reported $37.0 million in net proceeds from bitcoin sales in November 2025.

What was RIOT's deployed and average operating hash rate in November 2025?

Deployed hash rate was 36.6 EH/s and average operating hash rate was 34.6 EH/s in November 2025.

How did RIOT's November 2025 bitcoin production compare year-over-year?

November 2025 production of 428 bitcoin was down 14% year-over-year from November 2024.