Riot Platforms Reports Significant Increase in Bitcoin Production for July 2025
Zach Anderson Aug 05, 2025 09:04
Riot Platforms Inc. announced a notable rise in Bitcoin production for July 2025, highlighting operational improvements and expansion in Texas.
Riot Platforms, Inc. (NASDAQ: RIOT), a prominent player in the Bitcoin mining sector, has released its unaudited production and operations updates for July 2025, according to riotplatforms.com. The company reported a significant increase in Bitcoin production, totaling 484 Bitcoins for the month, an 8% rise compared to June 2025 and a 31% increase year-over-year.
Operational Highlights
Riot's average Bitcoin production per day was 15.6, compared to 15.0 in June 2025 and 11.9 in July 2024. The company held 19,287 Bitcoins at the end of July, showcasing a substantial 99% year-over-year increase. Additionally, Riot sold 475 Bitcoins in July, generating net proceeds of $54.8 million, a 32% increase from the previous month.
CEO Jason Les emphasized the challenges posed by the summer months on hash rate utilization due to participation in the ERCOT's Four Coincident Peaks Program and demand response programs. Despite these hurdles, Riot managed to achieve an extremely low all-in power cost of $28/MWh, a testament to their operational improvements and power management capabilities.
Expansion and Development
Riot Platforms continues to expand its infrastructure, having acquired an additional 238 acres near its Corsicana, Texas operations. This acquisition brings Riot's total land ownership in Corsicana to 858 acres, providing the flexibility to accommodate various data center designs and development plans aimed at utilizing the 1.0 GW of power available at their facility.
Financial and Operational Metrics
The company's deployed hash rate remained steady at 35.5 EH/s, with an average operating hash rate of 30.2 EH/s, reflecting a 94% year-over-year increase. Power credits for July amounted to $12.6 million, a significant rise from $3.8 million in June 2025, contributing to total power credits of $13.9 million for the month.
Riot's fleet efficiency stood at 21.2 J/TH, consistent with the previous month, but an 18% improvement from July 2024. The company's all-in power cost decreased to 2.8c/kWh, down from 3.4c/kWh in June 2025.
Future Prospects
Riot Platforms is actively recruiting to support its expanding operations, with open positions available across the company. The firm aims to continue its growth trajectory and further secure its position as a leading Bitcoin infrastructure platform. Riot's vertically integrated strategy includes Bitcoin mining operations in central Texas and Kentucky, along with electrical engineering and fabrication in Denver, Colorado, and Houston, Texas.
Riot Platforms remains committed to leveraging its innovative spirit and community partnerships to achieve best-in-class execution and create successful outcomes in the cryptocurrency sector.
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