Riot Announces October 2025 Production and Operations Updates

Rhea-AI Summary

Riot Platforms (NASDAQ: RIOT) announced unaudited October 2025 production and operations updates on Nov 4, 2025. Riot produced 437 BTC in October (down 14% YoY, -2% MoM) and held 19,324 BTC at month-end (includes 3,300 restricted; +77% YoY). Riot sold 400 BTC for $46.0M in net proceeds, with an average net price of $114,970 per bitcoin.

Mining capacity and efficiency improved: deployed hash rate was 36.6 EH/s (+25% YoY), average operating hash rate 33.2 EH/s (+46% YoY), and fleet efficiency 20.5 J/TH (‑11% YoY). Total power credits rose to $2.1M (+93% YoY).

Positive

• Bitcoin held increased 77% YoY to 19,324 BTC
• Deployed hash rate +25% YoY to 36.6 EH/s
• Average operating hash rate +46% YoY to 33.2 EH/s
• Total power credits +93% YoY to $2.1M
• Fleet efficiency improved 11% YoY to 20.5 J/TH

Negative

• Bitcoin production down 14% YoY to 437 BTC
• Average bitcoin produced per day down 14% YoY to 14.1 BTC/day
• Bitcoin sold 14% MoM fewer (400 BTC vs 465 BTC)
• Bitcoin sales net proceeds down 13% MoM to $46.0M

Insights

Mining Operations Analyst

Stable capacity with mixed operational signals: production dipped while holdings, hash rate and power credits rose.

Riot produced 437 Bitcoin in October 2025, down 2% month/month and 14% year/year, while maintaining a deployed hash rate of 36.6 EH/s and an average operating hash rate of 33.2 EH/s (up 3% MoM and 46% YoY). Daily production fell to 14.1 BTC/day from 14.8 in September, but fleet efficiency held at 20.5 J/TH, and total deployed capacity shows continued scale rather than contraction.

Cash and unit economics show mixed strengths: the company sold 400 BTC for $46.0 million net proceeds at an average net price of $114,970 per BTC. Bitcoin on the balance sheet rose to 19,324 BTC (including 3,300 restricted), a 77% YoY increase. Power-related credits increased materially to $2.1 million total and the reported all-in power cost fell to 4.0c/kWh, which improves net energy economics.

Key dependencies and near-term items to watch include sustained operating hash rate, monthly production trend versus reported daily averages, realized BTC sale cadence and pricing, and verification of the reported power credits in subsequent reports; monitor these over the next 1–3 months for trend confirmation. Overall, the update shows scale expansion and stronger energy credits offset by a modest production decline, leaving the operational impact neutral on balance in this release.

Riot Produces 437 Bitcoin in October 2025

CASTLE ROCK, Colo., Nov. 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 October 2025.

Bitcoin Production and Operations Updates for October 2025

					Comparison (%)
Metric		October 20251	September 20251	October 20241	Month/Month	Year/Year
Bitcoin Produced		437	445	505	-2%	-14%
Average Bitcoin Produced per Day		14.1	14.8	16.3	-5%	-14%
Bitcoin Held2		19,3243	19,2873	10,928	0%	77%
Bitcoin Sold		400	465	-	-14%	N/A
Bitcoin Sales - Net Proceeds		$46.0 million	$52.6 million	-	-13%	N/A
Average Net Price per Bitcoin Sold		$114,970	$113,043	N/A	2%	N/A
Deployed Hash Rate - Total2		36.6 EH/s	36.5 EH/s	29.4 EH/s	0%	25%
Avg. Operating Hash Rate - Total4		33.2 EH/s	32.2 EH/s	22.7 EH/s	3%	46%
Power Credits5		$1.1 million	$0.7 million	$0.3 million	53%	244%
Demand Response Credits6		$1.0 million	$0.7 million	$0.8 million	58%	32%
Total Power Credits		$2.1 million	$1.4 million	$1.1 million	55%	93%
All-in Power Cost - Total7		4.0c/kWh	4.2c/kWh	3.8c/kWh	-6%	3%
Fleet Efficiency2		20.5 J/TH	20.5 J/TH	23.1 J/TH	0%	-11%

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.
   

Investor Events

• Macquarie Fireside Chat with CEO, held virtually November 5^th
• Cantor Crypto & AI/Energy Infrastructure Conference held in Miami, FL, November 11^th – 12^th
• J.P. Morgan U.S. Opportunities Forum held in Miami, FL, November 12^th – 13^th
• Macquarie Energy Transition Conference held in Singapore, November 17-18^th
• Morgan Stanley 24^th Annual Asia Pacific Summit held in Singapore, November 19^th – 20^th
• Clear Street Disruptive Technology Conference held in Palm Beach, FL November 19^th – 20^th
• Roth Capital 14^th Annual Technology Conference held in New York, NY November 19^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 Contacts:
Phil McPherson / Joshua Kane
303-794-2000 ext. 110
IR@Riotplatforms.com

Media Contact:
Alexis Brock
303-794-2000 ext. 118
PR@Riotplatforms.com

FAQ

How many bitcoin did Riot (RIOT) produce in October 2025?

Riot produced 437 BTC in October 2025, a 14% YoY decline.

How many bitcoin does Riot (RIOT) hold as of October 31, 2025?

Riot held 19,324 BTC at month-end, which includes 3,300 restricted BTC.

What was Riot's deployed and operating hash rate in October 2025?

Deployed hash rate was 36.6 EH/s (+25% YoY) and average operating hash rate was 33.2 EH/s (+46% YoY).

What were Riot's bitcoin sales and net proceeds in October 2025?

Riot sold 400 BTC and received $46.0 million in net proceeds in October 2025.

How did Riot's power credits and power cost change in October 2025?

Total power credits rose to $2.1M (+93% YoY); all-in power cost was 4.0c/kWh.

Did Riot's fleet efficiency change in October 2025 and by how much?

Fleet efficiency improved to 20.5 J/TH, an 11% improvement YoY.