Riot Mined 463 BTC in April During Strategic Transition
Riot Platforms (NASDAQ: RIOT) produced 463 bitcoin in April 2025, down 13% from March but up 23% year-over-year, according to its latest unaudited monthly production and operations report. The company also sold 475 bitcoin, generating net revenue of $38.8 million at an average price of $81,731, representing a strategic shift in how it funds its operations.
“Riot mined 463 Bitcoin in April as the network experienced two difficulty adjustments in a month,” said Jason Les, CEO of Riot.
In April, the company closed a landmark deal, acquiring all of Rhodium’s physical assets at its Rockdale facility, including 125 MW of capacity. “April was a significant month for Riot as we closed the acquisition of all of Rhodium’s physical assets at our Rockdale facility, including 125 MW of capacity, and mutually terminated all outstanding litigation,” Les added. “This transaction completes the hosting agreement with our last hosting customer and marks Riot’s complete exit from the Bitcoin mining hosting business.”
The average daily Bitcoin mining volume decreased to 15.4 BTC/day, down from 17.2 BTC/day in March, due to increased network difficulty. Riot’s deployed hashrate remained at 33.7 EH/s, while its average operational hashrate decreased 3% to 29.3 EH/s. The company maintained a high fleet efficiency of 21.0 J/TH, up 22% from last year.
The power supply strategy also remained a strong driver of Riot’s bottom line. Total power supply credits reached $2.0 million in April — up 131% from March — thanks to increased demand and reduction participation.
“In April, we made a strategic decision to sell our monthly bitcoin production to fund ongoing growth and operations,” Les said. “These sales reduce the need to raise equity capital, limiting the extent of dilution to our shares.”
Riot ended the month with 19,211 bitcoin in custody, including 1,900 in restricted assets, matching March's total but more than double April 2024's.
The company said it is actively hiring and will attend several major industry events in May, including the Bitcoin 2025 conference in Las Vegas.
With a vertically integrated model and recent consolidation of operations, Riot continues to position itself as a long-term leader in the US Bitcoin mining space.
This post about Riot mining 463 BTC in April during a strategic transition first appeared in Bitcoin Magazine and was written by Jenna Montgomery.
Source: cryptonews.net
