Riot Platforms (RIOT) announced impressive operating results for March 2025, driven by continued growth in their artificial intelligence (AI) and high-performance computing (HPC) businesses.

Last month, Bitcoin (BTC) mining volume totaled 533 BTC, the highest since the reward halving nearly a year ago. This represents a 13% monthly increase and is 25% higher than the year-earlier level. The volume of Bitcoin assets reached 19,223 BTC.

Riot has confirmed its intentions to “actively” develop the Corsicana facility to take advantage of the growing demand for computing infrastructure for AI and HPC needs.

A recently completed feasibility study by consultant Altman Solon confirmed the site’s significant potential to provide up to 600 megawatts of additional capacity for AI/HPC applications. Key benefits include 1.0 gigawatts of secured capacity, of which 400 MW is already operational, 265 acres of land with significant development potential, and proximity to Dallas, a major hub for AI and cloud computing.

The study highlights the platform's ability to support both logical and cloud workloads, making it more attractive to AI/HPC users.

Riot maintained a stable deployed hash rate of 33.7 EH/s, while its average operational hash rate increased by 3% month-on-month to 30.3 EH/s, a 254% increase year-on-year. Despite a decrease in electricity credits due to seasonal factors, Riot managed to keep its overall electricity cost low at 3.8 cents per kWh and improve its fleet efficiency to 21.0 J/TH, a 22% improvement year-on-year.

Riot shares fell 5.5% on Friday, while the Nasdaq 100 index fell 2.8%. The stock has lost 35% of its value since the start of the year.

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Source: cryptonews.net