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Riot Announces February 2025 Production and Operations Updates

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Riot Platforms (NASDAQ: RIOT) has released its February 2025 production and operations update. The company mined 470 Bitcoin during the month, with production affected by three main factors: planned maintenance, increased power curtailment due to cold weather-driven higher power prices, and February's shorter duration.

Despite these challenges, the company's CEO Jason Les highlighted that Bitcoin production per day decreased by only 1% compared to the previous month, attributed to improved utilization and operational efficiencies across facilities.

The company continues to prioritize its AI/HPC process, with particular focus on the Corsicana Facility, which offers potential access to 1.0 gigawatt of power by 2026. This facility's strategic location near Dallas's Tier 1 data center market presents significant opportunities for Riot's asset value maximization.

Riot Platforms (NASDAQ: RIOT) ha pubblicato l'aggiornamento sulla produzione e le operazioni di febbraio 2025. Durante il mese, l'azienda ha estratto 470 Bitcoin, con la produzione influenzata da tre fattori principali: manutenzione programmata, aumento della limitazione dell'energia a causa dell'innalzamento dei prezzi dell'energia dovuto al freddo e la durata più breve di febbraio.

Nonostante queste sfide, il CEO dell'azienda, Jason Les, ha sottolineato che la produzione di Bitcoin al giorno è diminuita solo dell'1% rispetto al mese precedente, grazie a un miglior utilizzo e a efficienze operative nelle strutture.

L'azienda continua a dare priorità al suo processo AI/HPC, con particolare attenzione al Corsicana Facility, che offre un potenziale accesso a 1,0 gigawatt di energia entro il 2026. La posizione strategica di questa struttura vicino al mercato dei data center di livello 1 di Dallas presenta opportunità significative per la massimizzazione del valore degli asset di Riot.

Riot Platforms (NASDAQ: RIOT) ha lanzado su actualización de producción y operaciones de febrero de 2025. Durante el mes, la compañía extrajo 470 Bitcoin, con la producción afectada por tres factores principales: mantenimiento programado, aumento de la limitación de energía debido al frío y el aumento de los precios de la energía, y la duración más corta de febrero.

A pesar de estos desafíos, el CEO de la compañía, Jason Les, destacó que la producción diaria de Bitcoin disminuyó solo un 1% en comparación con el mes anterior, atribuible a una mejor utilización y eficiencias operativas en las instalaciones.

La empresa sigue priorizando su proceso de IA/HPC, con un enfoque particular en la Corsicana Facility, que ofrece acceso potencial a 1,0 gigavatio de energía para 2026. La ubicación estratégica de esta instalación cerca del mercado de centros de datos de nivel 1 de Dallas presenta oportunidades significativas para la maximización del valor de los activos de Riot.

라이엇 플랫폼스 (NASDAQ: RIOT)는 2025년 2월 생산 및 운영 업데이트를 발표했습니다. 이 회사는 이번 달에 470 비트코인을 채굴했으며, 생산은 세 가지 주요 요인에 의해 영향을 받았습니다: 계획된 유지보수, 추운 날씨로 인한 전력 가격 상승으로 인한 전력 제한 증가, 그리고 2월의 짧은 기간.

이러한 도전에도 불구하고, 회사의 CEO인 제이슨 레스는 비트코인 일일 생산량이 지난 달에 비해 단 1% 감소했다고 강조했으며, 이는 시설 전반에 걸친 개선된 활용도와 운영 효율성 덕분이라고 설명했습니다.

회사는 AI/HPC 프로세스를 계속 우선시하고 있으며, 특히 2026년까지 1.0 기가와트의 전력 접근 가능성을 제공하는 코르시카나 시설에 주목하고 있습니다. 이 시설의 댈러스 1급 데이터 센터 시장 근처에 있는 전략적 위치는 라이엇의 자산 가치 극대화를 위한 중요한 기회를 제공합니다.

Riot Platforms (NASDAQ: RIOT) a publié sa mise à jour sur la production et les opérations de février 2025. Au cours du mois, l'entreprise a extrait 470 Bitcoin, la production étant affectée par trois facteurs principaux : maintenance programmée, augmentation des restrictions d'énergie dues à des prix de l'énergie plus élevés causés par le froid et la durée plus courte de février.

Malgré ces défis, le PDG de l'entreprise, Jason Les, a souligné que la production quotidienne de Bitcoin n'a diminué que de 1 % par rapport au mois précédent, grâce à une meilleure utilisation et à des gains d'efficacité opérationnelle dans les installations.

L'entreprise continue de donner la priorité à son processus AI/HPC, en mettant particulièrement l'accent sur la Corsicana Facility, qui offre un accès potentiel à 1,0 gigawatt d'énergie d'ici 2026. L'emplacement stratégique de cette installation près du marché des centres de données de niveau 1 de Dallas présente d'importantes opportunités pour la maximisation de la valeur des actifs de Riot.

Riot Platforms (NASDAQ: RIOT) hat sein Produktions- und Betriebsupdate für Februar 2025 veröffentlicht. Das Unternehmen hat im Monat 470 Bitcoin abgebaut, wobei die Produktion durch drei Hauptfaktoren beeinträchtigt wurde: geplante Wartung, erhöhte Energieeinschränkungen aufgrund von Kälte und höheren Energiepreisen sowie die kürzere Dauer des Februars.

Trotz dieser Herausforderungen hob der CEO des Unternehmens, Jason Les, hervor, dass die Bitcoin-Produktion pro Tag im Vergleich zum Vormonat nur um 1% gesunken ist, was auf eine verbesserte Auslastung und betriebliche Effizienz in den Anlagen zurückzuführen ist.

Das Unternehmen priorisiert weiterhin seinen AI/HPC-Prozess, wobei der Schwerpunkt auf der Corsicana Facility liegt, die bis 2026 potenziellen Zugang zu 1,0 Gigawatt Strom bietet. Die strategische Lage dieser Einrichtung in der Nähe des Tier-1-Datenzentrummarktes von Dallas bietet erhebliche Möglichkeiten zur Maximierung des Vermögenswerts von Riot.

Positive
  • Daily Bitcoin production declined only 1% despite challenges
  • Improved utilization and operational efficiencies across facilities
  • Corsicana Facility potential access to 1.0 gigawatt power by 2026
  • Strategic location near Dallas Tier 1 data center market
Negative
  • Lower Bitcoin production due to planned maintenance
  • Increased power curtailment due to higher power prices
  • Production impacted by cold weather conditions

Riot Produces 470 Bitcoin in February 2025

CASTLE ROCK, Colo., March 4, 2025 /PRNewswire/ -- Riot Platforms, Inc. (NASDAQ: RIOT) ("Riot" or "the Company"), an industry leader in vertically integrated Bitcoin ("BTC") mining, announces unaudited production and operations updates for February 2025.  

Bitcoin Production and Operations Updates for February 2025







Comparison (%)

Metric


February 2025 1

January 2024 1

February 2024


Month/Month

Year/Year

Bitcoin Produced


470

527

418


-11 %

12 %

Average Bitcoin Produced per Day

16.8

17.0

14.4


-1 %

16 %

Bitcoin Held 2


18,692

18,221

8,067


3 %

132 %

Bitcoin Sold


-

-

-


N/A

N/A

Bitcoin Sales - Net Proceeds


-

-

-


N/A

N/A

Average Net Price per Bitcoin Sold

N/A

N/A

N/A


N/A

N/A

Deployed Hash Rate - Rockdale 2

15.0 EH/s

15.0 EH/s

12.4 EH/s


0 %

21 %

Deployed Hash Rate - Corsicana 2

15.7 EH/s

15.7 EH/s

-


0 %

N/A

Deployed Hash Rate - Kentucky 2

2.9 EH/s

2.8 EH/s

N/A


3 %

N/A

Deployed Hash Rate - Total 2


33.6 EH/s

33.5 EH/s

12.4 EH/s


0 %

171 %

Avg. Operating Hash Rate - Rockdale 3

12.9 EH/s

12.7 EH/s

8.5 EH/s


2 %

52 %

Avg. Operating Hash Rate - Corsicana 3

13.9 EH/s

14.2 EH/s

-


-2 %

N/A

Avg. Operating Hash Rate - Kentucky 3

2.6 EH/s

2.4 EH/s

N/A


7 %

N/A

Avg. Operating Hash Rate - Total 3

29.4 EH/s

29.3 EH/s

8.5 EH/s


0 %

246 %

Power Credits 4


$2.1 million

$3.2 million

$0.7 million


-36 %

180 %

Demand Response Credits 5


$0.7 million

$1.0 million

$0.2 million


-25 %

249 %

Total Power Credits


$2.8 million

$4.2 million

$1.0 million


-33 %

196 %

All-in Power Cost - Rockdale 6


3.5c/kWh

3.4c/kWh

4.0c/kWh


4 %

-11 %

All-in Power Cost - Corsicana 6


3.7c/kWh

3.4c/kWh

N/A


8 %

N/A

All-in Power Cost - Kentucky 6


4.0c/kWh

3.9c/kWh

N/A


4 %

N/A

All-in Power Cost - Total 6


3.6c/kWh

3.4c/kWh

4.0c/kWh


7 %

-8 %

Fleet Efficiency 2


21.0 J/TH

21.1 J/TH

27.0 J/TH


-1 %

-22 %

 

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

"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 Jason Les, CEO of Riot. "In spite of these factors which impacted total production, ongoing improvements in utilization and operational efficiencies across all our facilities meant that bitcoin produced per day declined only 1% in February, relative to the prior month.

"Our AI/HPC process remains our top priority, and we have been encouraged by the strong demand we see in the market. The Corsicana Facility represents a unique opportunity to access up to 1.0 gigawatt of power by 2026 in near proximity to the Tier 1 data center market of Dallas, Texas, and we will continue to aggressively pursue an outcome that best maximizes the value of Riot's assets."

Riot's Corsicana Facility

Investor Events

  • Cantor Fitzgerald Global Technology Conference held in New York City, NY, March 11th-12th.
  • 37th Annual Roth Conference held in Dana Point, CA, March 17th-18th.

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, 2023, as amended, 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   

 

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/riot-announces-february-2025-production-and-operations-updates-302390905.html

SOURCE Riot Platforms, Inc.

FAQ

How many Bitcoin did Riot Platforms (RIOT) mine in February 2025?

Riot Platforms mined 470 Bitcoin in February 2025.

What factors affected RIOT's Bitcoin production in February 2025?

Production was impacted by planned maintenance, increased power curtailment due to cold weather-driven higher power prices, and February's shorter duration.

What is the power capacity potential of RIOT's Corsicana Facility by 2026?

The Corsicana Facility has potential access to 1.0 gigawatt of power by 2026.

How did RIOT's daily Bitcoin production change in February 2025 compared to January?

Daily Bitcoin production declined only 1% in February compared to the previous month.
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