Riot Announces January 2025 Production and Operations Updates
Riot Platforms reported producing 527 Bitcoin in January 2025, a 2% increase from December 2024 and 1% year-over-year. The company's total deployed hash rate reached 33.5 EH/s, marking a 171% increase year-over-year, with operations across Rockdale, Corsicana, and Kentucky facilities.
The company's Bitcoin holdings grew to 18,221, including 5,784 Bitcoin acquired in December 2024. Total power credits increased to $3.6 million, up 250% month-over-month. The company achieved improved fleet efficiency at 21.1 J/TH, a 22% improvement year-over-year.
Riot announced halting its previously planned 600 MW Phase II Bitcoin mining expansion at the Corsicana Facility, revising its year-end 2025 hash rate projection from 46.7 EH/s to 38.4 EH/s. The company is evaluating potential AI/HPC uses for the remaining power capacity.
Riot Platforms ha riportato la produzione di 527 Bitcoin nel gennaio 2025, con un aumento del 2% rispetto a dicembre 2024 e dell'1% su base annuale. Il hash rate totale schierato dell'azienda ha raggiunto i 33,5 EH/s, segnando un aumento del 171% su base annuale, con operazioni presso gli impianti di Rockdale, Corsicana e Kentucky.
Le tenute di Bitcoin dell'azienda sono cresciute a 18.221, inclusi 5.784 Bitcoin acquisiti a dicembre 2024. I crediti energetici totali sono aumentati a 3,6 milioni di dollari, con un incremento del 250% mese su mese. L'azienda ha raggiunto un'efficienza della flotta migliorata a 21,1 J/TH, con un miglioramento del 22% su base annuale.
Riot ha annunciato la sospensione della sua prevista espansione mineraria Bitcoin di 600 MW nella Fase II presso l'impianto di Corsicana, rivedendo la sua proiezione di hash rate per la fine del 2025 da 46,7 EH/s a 38,4 EH/s. L'azienda sta valutando potenziali usi di AI/HPC per la capacità energetica rimanente.
Riot Platforms informó haber producido 527 Bitcoin en enero de 2025, un aumento del 2% con respecto a diciembre de 2024 y del 1% interanual. La tasa de hash total desplegada de la compañía alcanzó los 33,5 EH/s, marcando un aumento del 171% interanual, con operaciones en las instalaciones de Rockdale, Corsicana y Kentucky.
Las tenencias de Bitcoin de la compañía crecieron a 18.221, incluidas 5.784 Bitcoin adquiridos en diciembre de 2024. Los créditos energéticos totales aumentaron a 3,6 millones de dólares, un incremento del 250% mes a mes. La compañía logró una eficiencia de flota mejorada de 21,1 J/TH, con una mejora del 22% interanual.
Riot anunció la suspensión de su expansión de minería de Bitcoin de 600 MW en la Fase II en la instalación de Corsicana, revisando su proyección de tasa de hash para finales de 2025 de 46,7 EH/s a 38,4 EH/s. La compañía está evaluando posibles usos de AI/HPC para la capacidad energética restante.
리옷 플랫폼즈는 2025년 1월에 527 비트코인을 생산했다고 보고했으며, 이는 2024년 12월 대비 2% 증가하고 전년 대비 1% 증가한 수치입니다. 회사의 총 배치 해시 비율은 33.5 EH/s에 도달했으며, 이는 전년 대비 171% 증가한 수치로, 록데일, 코르시카나 및 켄터키 시설에서 운영되고 있습니다.
회사의 비트코인 보유량은 18,221로 증가했으며, 이 중 5,784 비트코인은 2024년 12월에 인수한 것입니다. 총 전력 크레딧은 360만 달러로 증가했으며, 전월 대비 250% 증가했습니다. 회사는 21.1 J/TH의 개선된 함대 효율을 달성했으며, 이는 전년 대비 22% 향상된 수치입니다.
리옷은 코르시카나 시설에서 예정된 600 MW 2단계 비트코인 채굴 확장을 중단한다고 발표했으며, 2025년 연말 해시 비율 전망을 46.7 EH/s에서 38.4 EH/s로 수정했습니다. 회사는 남은 전력 용량에 대한 AI/HPC 활용 가능성을 평가하고 있습니다.
Riot Platforms a rapporté avoir produit 527 Bitcoin en janvier 2025, ce qui représente une augmentation de 2 % par rapport à décembre 2024 et de 1 % par rapport à l'année précédente. La puissance de hachage totale déployée par la société a atteint 33,5 EH/s, marquant une augmentation de 171 % par rapport à l'année précédente, avec des opérations dans les installations de Rockdale, Corsicana et Kentucky.
Les avoirs en Bitcoin de l'entreprise ont atteint 18.221, incluant 5.784 Bitcoin acquis en décembre 2024. Les crédits d'énergie totaux ont augmenté à 3,6 millions de dollars, en hausse de 250 % d'un mois sur l'autre. L'entreprise a atteint une efficacité de flotte améliorée de 21,1 J/TH, soit une amélioration de 22 % par rapport à l'année précédente.
Riot a annoncé la suspension de son expansion de minage de Bitcoin de 600 MW dans la Phase II à l'installation de Corsicana, révisant sa prévision de taux de hachage à la fin de 2025, passant de 46,7 EH/s à 38,4 EH/s. L'entreprise évalue les usages potentiels de l'IA/HPC pour la capacité énergétique restante.
Riot Platforms berichtete, dass im Januar 2025 527 Bitcoin produziert wurden, was einem Anstieg von 2% im Vergleich zu Dezember 2024 und 1% im Jahresvergleich entspricht. Die insgesamt bereitgestellte Hash-Rate des Unternehmens erreichte 33,5 EH/s, was eine Steigerung von 171% im Jahresvergleich bedeutet und in den Einrichtungen von Rockdale, Corsicana und Kentucky betrieben wird.
Die Bitcoin-Bestände des Unternehmens wuchsen auf 18.221, einschließlich 5.784 Bitcoin, die im Dezember 2024 erworben wurden. Die gesamten Stromgutschriften stiegen auf 3,6 Millionen Dollar, was einen Anstieg von 250% im Monatsvergleich bedeutet. Das Unternehmen erzielte eine verbesserte Flotteneffizienz von 21,1 J/TH, ein Anstieg von 22% im Jahresvergleich.
Riot kündigte an, die zuvor geplante 600 MW Phase-II-Bitcoin-Mining-Erweiterung in der Facility Corsicana zu stoppen und seine Hash-Rate-Prognose zum Ende 2025 von 46,7 EH/s auf 38,4 EH/s zu überarbeiten. Das Unternehmen evaluiert potenzielle AI/HPC-Nutzungen für die verbleibende Leistungskapazität.
- Bitcoin production increased 2% month-over-month to 527
- Total deployed hash rate grew 171% YoY to 33.5 EH/s
- Bitcoin holdings increased to 18,221, up 138% YoY
- Power credits rose 250% MoM to $3.6 million
- Fleet efficiency improved 22% YoY to 21.1 J/TH
- All-in power costs decreased 8% MoM to 3.5c/kWh
- Reduction in 2025 hash rate capacity target from 46.7 EH/s to 38.4 EH/s
- Halting of planned 600 MW Phase II Bitcoin mining expansion at Corsicana
- Demand Response Credits decreased 60% YoY to $0.4 million
Insights
The January 2025 operational metrics reveal several critical developments for Riot Platforms. The company's 527 BTC production, while showing modest growth of
The operational improvements are particularly impressive. The reduction in fleet efficiency to 21.1 J/TH from 27.0 J/TH YoY represents a
The strategic pivot regarding the Corsicana Facility's Phase II expansion marks a important inflection point. By engaging Altman Solon for AI/HPC feasibility assessment, Riot is potentially positioning itself at the intersection of two high-growth sectors. This could diversify revenue streams and potentially provide higher margins than pure Bitcoin mining operations. The revised hash rate target of 38.4 EH/s by year-end, while lower than the previous 46.7 EH/s target, reflects a more balanced approach to capital allocation.
The
Riot Produces 527 Bitcoin in January 2025
Bitcoin Production and Operations Updates for January 2025
| Comparison (%) | |||||||
| Metric | January 2025 1 | December 2024 1 | January 2024 | Month/Month | Year/Year | ||
Bitcoin Produced | 527 | 516 | 520 | 2 % | 1 % | ||
Average Bitcoin Produced per Day | 17.0 | 16.6 | 16.8 | 2 % | 1 % | ||
Bitcoin Held 2 | 18,221 | 17,722 | 7,648 | 3 % | 138 % | ||
Bitcoin Sold | - | - | 212 | 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 | |||
| 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 | 14.1 EH/s | - | 11 % | N/A | ||
| Deployed Hash Rate - | 2.8 EH/s | 2.4 EH/s | N/A | 19 % | N/A | ||
| Deployed Hash Rate - Total 2 | 33.5 EH/s | 31.5 EH/s | 12.4 EH/s | 6 % | 171 % | ||
Avg. Operating Hash Rate - Rockdale 4
| 12.7 EH/s | 12.1 EH/s | 8.7 EH/s | 5 % | 47 % | ||
| Avg. Operating Hash Rate - Corsicana 4 | 14.2 EH/s | 13.1 EH/s | - | 8 % | N/A | ||
| Avg. Operating Hash Rate - | 2.4 EH/s | 2.2 EH/s | N/A | 10 % | N/A | ||
| Avg. Operating Hash Rate - Total 4 | 29.3 EH/s | 27.4 EH/s | 8.7 EH/s | 7 % | 238 % | ||
| Power Credits 5 | | | | 328 % | 44 % | ||
| Demand Response Credits 6 | | | | 50 % | -60 % | ||
| Total Power Credits | | | | 250 % | 10 % | ||
| All-in Power Cost - Rockdale 7 | 3.3c/kWh | 3.9c/kWh | 3.3c/kWh | -15 % | 0 % | ||
| All-in Power Cost - Corsicana 7 |
3.7c/kWh
| 3.6c/kWh | N/A | 3 % | N/A | ||
All-in Power Cost - | 3.2c/kWh8 | 4.6c/kWh | N/A | -31 % | N/A | ||
All-in Power Cost - Total 7 | 3.5c/kWh | 3.8c/kWh | 3.3c/kWh | -8 % | 6 % | ||
Fleet Efficiency 2 | 21.1 J/TH | 21.9 J/TH | 27.0 J/TH | -3 % | -22 % | ||
- Unaudited, estimated.
- As of month-end.
- Bitcoin holdings include 5,784 Bitcoin acquired in December 2024.
- Average over the month.
- Estimated power curtailment credits.
- Estimated credits received from participation in ERCOT and MISO demand response programs.
- Estimated. Inclusive of all transmission and distribution charges, fees, adders, and taxes. Net of Total Power Credits.
Kentucky all-in power cost for January 2025 excludes the Blue Steel site.
"Riot mined 527 bitcoin in January, marking the second consecutive month of increased production despite rising network difficulty," said Jason Les, CEO of Riot. "During the month, we completed the commissioning of the Corsicana Facility and are pleased to report that all systems are now fully operational. As a result, the Corsicana Facility reached a deployed hash rate of 15.7 EH/s towards the end of the month. We also continue to see strong results from newly deployed miners and immersion systems reflected in the significant improvement in our operational hash rate and utilization rates.
"Last month, Riot announced the launch of a formal AI/HPC evaluation process for the remaining 600 MW of power capacity at our Corsicana Facility, and that process continues. We have engaged Altman Solon, a leading consultant to the data center industry, to conduct a feasibility assessment of our Corsicana Facility, and their work is underway. We look forward to sharing more developments as this process advances further."
Projected Hash Rate Growth
As previously announced, Riot has launched a formal process to evaluate the feasibility of developing the approximately 600 megawatts ("MW") of remaining power capacity at the Company's Corsicana Facility for AI/HPC uses. In connection with its evaluation of AI/HPC opportunities, Riot is halting the development of its previously announced 600 MW Phase II Bitcoin mining expansion at the Corsicana Facility, although the Company will continue developing the substation to support additional power capacity.
As a result, Riot is reducing its previously announced total self-mining hash rate capacity growth and associated capital expenditures for 2025. Previously, the Company expected to end 2025 with a total hash rate capacity of 46.7 EH/s, but in connection with this halt of the expansion of Bitcoin mining operations at the Corsicana Facility, Riot now expects to end the year at 38.4 EH/s.
Investor Events
- Bernstein's 3rd Annual TMT Forum held in
Menlo Park, CA , February 26th – 27th.
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
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
Investor Contact:
Phil McPherson
303-794-2000 ext. 110
IR@Riot.Inc
Media Contact:
Alexis Brock
303-794-2000 ext. 118
PR@Riot.Inc
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SOURCE Riot Platforms, Inc.
FAQ
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