Riot Platforms Mined 470 Bitcoin in February 2025

• 470 Bitcoin mined in February 2025
• 12% year-over-year increase despite 11% drop from January

Riot Platforms has captured attention in the cryptocurrency sector, reporting the mining of 470 Bitcoin valued at $39.6 million in February 2025. This output signifies a 12% increase compared to the same period last year, even though it reflects an 11% decline from January.

Beyond production figures, Riot is actively strengthening its Bitcoin reserves and pursuing a robust financial strategy amidst market challenges.

> Riot Announces February 2025 Production and Operations Updates.
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> “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 @JasonLes_…
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> — Riot Platforms, Inc. (@RiotPlatforms) March 4, 2025

Strengthening Reserves Amid Growing Competition

The company acquired 5,117 Bitcoins valued at $510 million in December 2024, showcasing its commitment to building Bitcoin reserves as part of a long-term plan. Riot is also set to issue a $500 million convertible bond maturing in 2030 to bolster its position in an increasingly competitive landscape.

However, Riot faces obstacles, including soaring electricity costs due to cold weather and a shorter month affecting productivity. Nevertheless, continuous improvements in operational efficiency have moderated the impact of these challenges.

Strategic Maneuver with Additional Directors

Riot significantly revamped its leadership, appointing Jaime Leverton, Doug Mouton, and Michael Turner as new directors on February 13, 2025. Their appointment follows insights from major investors, Starboard Value and D.E. Shaw.

These new directors bring unparalleled expertise in transitioning Bitcoin mining assets for broader applications, including artificial intelligence (AI) and high-performance computing (HPC), signaling upcoming tech implementations to enhance operations beyond crypto mining.

Operational Efficiency and Future Plans

Riot’s Bitcoin output was lower than the previous month but maintained reasonable running costs. February’s electricity costs were 3.6 cents per kilowatt-hour (kWh)—a 7% increase from January but still 8% lower than the previous year. Moreover, Riot secured $2.8 million in electricity credits, reducing overall expenses.

Significant growth in mining capacity was noted, with a total hash rate of 33.6 exahashes per second (EH/s), representing a 171% increase year-over-year. The operational hash rate grew by 246%, reflecting a strong commitment to expansion.

Looking ahead, Riot is exploring artificial intelligence and high-performance computing avenues. CEO Jason Les indicated that the Corsicana, Texas, project will have a capacity of up to 1 gigawatt of power by 2026, creating excellent future growth opportunities. Amidst aspirations in the Tier 1 data center market in Dallas, Riot is considering strategies beyond just Bitcoin mining, targeting high-level computing potential.