Riot Platforms Reports Significant Bitcoin (BTC) Production Increase in May 2025

Riot
Platforms,
Inc.
(NASDAQ:
RIOT),
a
prominent
player
in
the
Bitcoin
mining
and
data
center
development
sector,
has
reported
a
substantial
increase
in
its
Bitcoin
production
for
May
2025.
The
company
successfully
mined
514
Bitcoins,
marking
an
11%
increase
from
the
previous
month,
according
to
Riot
Platforms.

Enhanced
Bitcoin
Production

In
a
recent
update,
Riot
Platforms
highlighted
its
operational
advancements,
achieving
a
notable
year-over-year
production
increase
of
139%.
This
growth
is
attributed
to
the
company’s
strategic
expansion
and
optimization
of
its
mining
capabilities.
The
average
Bitcoin
produced
per
day
rose
to
16.6,
compared
to
15.4
in
April
2025
and
6.9
in
May
2024.

Operational
Expansion
and
Strategic
Acquisitions

The
company
also
announced
the
acquisition
of
355
acres
near
its
Corsicana
site,
aimed
at
further
developing
its
data
center
infrastructure.
This
move
is
part
of
Riot’s
broader
strategy
to
enhance
its
capacity
for
high-performance
computing,
which
requires
larger
footprints
than
traditional
Bitcoin
mining
operations.
Additionally,
Riot
Platforms
has
bolstered
its
team
by
hiring
industry
experts,
including
Jonathan
Gibbs
as
Chief
Data
Center
Officer,
to
lead
its
new
data
center
platform.

Financial
Performance
and
Power
Management

Riot
Platforms
reported
net
proceeds
of
$51.3
million
from
Bitcoin
sales
in
May,
a
32%
increase
from
April.
The
company
sold
500
Bitcoins
during
the
month,
reflecting
a
5%
month-over-month
increase.
The
average
net
price
per
Bitcoin
sold
was
$102,591,
up
from
$81,731
in
the
previous
month.

Moreover,
the
company’s
deployed
hash
rate
increased
to
35.4
EH/s,
a
5%
rise
from
April,
and
the
average
operating
hash
rate
reached
31.5
EH/s,
showcasing
a
7%
monthly
growth.
Power
credits
amounted
to
$2.2
million,
despite
a
22%
decrease
from
April,
indicating
efficient
power
management
strategies.

Future
Prospects
and
Industry
Engagement

Looking
ahead,
Riot
Platforms
is
set
to
participate
in
several
investor
events,
including
the
Piper
Sandler
Global
Exchange
&
Trading
Conference
and
the
Rosenblatt
Securities
Virtual
Tech
Summit.
These
engagements
are
part
of
the
company’s
efforts
to
maintain
transparency
and
engage
with
stakeholders.

For
further
details,
you
can
visit
the
official

Riot
Platforms
website.

Image
source:
Shutterstock