{"id":808539,"date":"2025-02-04T09:14:30","date_gmt":"2025-02-04T14:14:30","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/riot-announces-january-2025-production-and-operations-updates\/"},"modified":"2025-02-04T09:14:30","modified_gmt":"2025-02-04T14:14:30","slug":"riot-announces-january-2025-production-and-operations-updates","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/riot-announces-january-2025-production-and-operations-updates\/","title":{"rendered":"Riot Announces January 2025 Production and Operations Updates"},"content":{"rendered":"
\n

PR Newswire<\/p>\n<\/p><\/div>\n

\n

\n Riot Produces 527 Bitcoin<\/span> in January 2025<\/span><\/i>\n <\/p>\n

\n
\n CASTLE ROCK, Colo.<\/span>
\n <\/span>, Feb. 4, 2025<\/span><\/span> \/PRNewswire\/ — Riot Platforms, Inc. (NASDAQ: RIOT) (“Riot” or “the Company”), an industry leader in vertically integrated Bitcoin<\/span> (“BTC”) mining, announces unaudited production and operations updates for January 2025<\/span>.<\/p>\n

\n
\n Bitcoin<\/span> Production and Operations Updates for January 2025<\/span><\/b>\n <\/p>\n

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\u00a0<\/p>\n

Comparison (%)<\/i><\/b><\/span><\/p>\n

\u00a0<\/td>\n<\/tr>\n

\u00a0<\/p>\n

Metric<\/b><\/span><\/p>\n

\u00a0<\/td>\n

\n \n <\/td>\n\u00a0<\/p>\n

January 2025 <\/b>1<\/sup><\/span><\/p>\n

\u00a0<\/td>\n

\u00a0<\/p>\n

December 2024 <\/b>1<\/sup><\/span><\/p>\n

\u00a0<\/td>\n

\u00a0<\/p>\n

January 2024<\/b><\/span><\/p>\n

\u00a0<\/td>\n

\n \n <\/td>\n\u00a0<\/p>\n

Month\/Month<\/i><\/b><\/span><\/p>\n

\u00a0<\/td>\n

\u00a0<\/p>\n

Year\/Year<\/i><\/b><\/span><\/p>\n

\u00a0<\/td>\n<\/tr>\n

\n

\n Bitcoin Produced<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 527<\/span>\n <\/p>\n<\/td>\n

\n

\n 516<\/span>\n <\/p>\n<\/td>\n

\n

\n 520<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\u00a0<\/p>\n

2\u00a0%<\/i><\/span><\/p>\n

\u00a0<\/td>\n

\u00a0<\/p>\n

1\u00a0%<\/i><\/span><\/p>\n

\u00a0<\/td>\n<\/tr>\n

\n

\n Average Bitcoin Produced per Day<\/span>\n <\/p>\n<\/td>\n

\n

\n 17.0<\/span>\n <\/p>\n<\/td>\n

\n

\n 16.6<\/span>\n <\/p>\n<\/td>\n

\n

\n 16.8<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\u00a0<\/p>\n

2\u00a0%<\/i><\/span><\/p>\n

\u00a0<\/td>\n

\u00a0<\/p>\n

1\u00a0%<\/i><\/span><\/p>\n

\u00a0<\/td>\n<\/tr>\n

\n

\n Bitcoin Held 2<\/sup><\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 18,221<\/span>\n <\/p>\n<\/td>\n

\n

\n 17,722<\/span>\n <\/p>\n<\/td>\n

\n

\n 7,648<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\u00a0<\/p>\n

3\u00a0%<\/i><\/span><\/p>\n

\u00a0<\/td>\n

\u00a0<\/p>\n

138\u00a0%<\/i><\/span><\/p>\n

\u00a0<\/td>\n<\/tr>\n

\n

\n Bitcoin Sold<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n

\n 212<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\u00a0<\/p>\n

N\/A<\/i><\/span><\/p>\n

\u00a0<\/td>\n

\u00a0<\/p>\n

N\/A<\/i><\/span><\/p>\n

\u00a0<\/td>\n<\/tr>\n

\n

\n Bitcoin Sales – Net Proceeds<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n

\n $9.5 million<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\u00a0<\/p>\n

N\/A<\/i><\/span><\/p>\n

\u00a0<\/td>\n

\u00a0<\/p>\n

N\/A<\/i><\/span><\/p>\n

\u00a0<\/td>\n<\/tr>\n

\n

\n Average Net Price per Bitcoin Sold<\/span>\n <\/p>\n<\/td>\n

\u00a0<\/p>\n

N\/A<\/i><\/span><\/p>\n

\u00a0<\/td>\n

\u00a0<\/p>\n

N\/A<\/i><\/span><\/p>\n

\u00a0<\/td>\n

\n

\n $44,860<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\u00a0<\/p>\n

N\/A<\/i><\/span><\/p>\n

\u00a0<\/td>\n

\u00a0<\/p>\n

N\/A<\/i><\/span><\/p>\n

\u00a0<\/td>\n<\/tr>\n

\u00a0<\/p>\n

Deployed Hash Rate – Rockdale <\/i>2<\/sup><\/span><\/p>\n

\u00a0<\/td>\n

\u00a0<\/p>\n

15.0 EH\/s<\/i><\/span><\/p>\n

\u00a0<\/td>\n

\u00a0<\/p>\n

15.0 EH\/s<\/i><\/span><\/p>\n

\u00a0<\/td>\n

\u00a0<\/p>\n

12.4 EH\/s<\/i><\/span><\/p>\n

\u00a0<\/td>\n

\n \n <\/td>\n\u00a0<\/p>\n

0\u00a0%<\/i><\/span><\/p>\n

\u00a0<\/td>\n

\u00a0<\/p>\n

21\u00a0%<\/i><\/span><\/p>\n

\u00a0<\/td>\n<\/tr>\n

\u00a0<\/p>\n

Deployed Hash Rate – Corsicana <\/i>2<\/sup><\/span><\/p>\n

\u00a0<\/td>\n

\u00a0<\/p>\n

15.7 EH\/s<\/i><\/span><\/p>\n

\u00a0<\/td>\n

\u00a0<\/p>\n

14.1 EH\/s<\/i><\/span><\/p>\n

\u00a0<\/td>\n

\u00a0<\/p>\n

–<\/i><\/span><\/p>\n

\u00a0<\/td>\n

\n \n <\/td>\n\u00a0<\/p>\n

11\u00a0%<\/i><\/span><\/p>\n

\u00a0<\/td>\n

\u00a0<\/p>\n

N\/A<\/i><\/span><\/p>\n

\u00a0<\/td>\n<\/tr>\n

\u00a0<\/p>\n

Deployed Hash Rate – Kentucky <\/i>2<\/sup><\/span><\/p>\n

\u00a0<\/td>\n

\u00a0<\/p>\n

2.8 EH\/s<\/i><\/span><\/p>\n

\u00a0<\/td>\n

\u00a0<\/p>\n

2.4 EH\/s<\/i><\/span><\/p>\n

\u00a0<\/td>\n

\u00a0<\/p>\n

N\/A<\/i><\/span><\/p>\n

\u00a0<\/td>\n

\n \n <\/td>\n\u00a0<\/p>\n

19\u00a0%<\/i><\/span><\/p>\n

\u00a0<\/td>\n

\u00a0<\/p>\n

N\/A<\/i><\/span><\/p>\n

\u00a0<\/td>\n<\/tr>\n

\u00a0<\/p>\n

Deployed Hash Rate – Total <\/b>2<\/sup><\/span><\/p>\n

\u00a0<\/td>\n

\n \n <\/td>\n\u00a0<\/p>\n

33.5 EH\/s<\/b><\/span><\/p>\n

\u00a0<\/td>\n

\u00a0<\/p>\n

31.5 EH\/s<\/b><\/span><\/p>\n

\u00a0<\/td>\n

\u00a0<\/p>\n

12.4 EH\/s<\/b><\/span><\/p>\n

\u00a0<\/td>\n

\n \n <\/td>\n\u00a0<\/p>\n

6\u00a0%<\/b><\/i><\/span><\/p>\n

\u00a0<\/td>\n

\u00a0<\/p>\n

171\u00a0%<\/b><\/i><\/span><\/p>\n

\u00a0<\/td>\n<\/tr>\n

\n

\n \u00a0<\/span>\n <\/p>\n

\n
\n
\n \u00a0Avg. Operating Hash Rate – Rockdale 4<\/span>
\n <\/i>
\n <\/span>\n <\/p>\n

\n \u00a0<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n \u00a012.7 EH\/s<\/i>
<\/span>\n <\/p>\n<\/td>\n

\n

\n \u00a012.1 EH\/s<\/i>\u00a0<\/span>\n <\/p>\n<\/td>\n

\n

\n \u00a08.7 EH\/s<\/i>\u00a0<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n 5\u00a0%<\/i>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n 47\u00a0%<\/i>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\u00a0<\/p>\n

Avg. Operating Hash Rate – Corsicana <\/i>4<\/sup><\/span><\/p>\n

\u00a0<\/td>\n

\u00a0<\/p>\n

14.2 EH\/s<\/i><\/span><\/p>\n

\u00a0<\/td>\n

\u00a0<\/p>\n

13.1 EH\/s<\/i><\/span><\/p>\n

\u00a0<\/td>\n

\u00a0<\/p>\n

–<\/i><\/span><\/p>\n

\u00a0<\/td>\n

\n \n <\/td>\n\u00a0<\/p>\n

8\u00a0%<\/i><\/span><\/p>\n

\u00a0<\/td>\n

\u00a0<\/p>\n

N\/A<\/i><\/span><\/p>\n

\u00a0<\/td>\n<\/tr>\n

\u00a0<\/p>\n

Avg. Operating Hash Rate – Kentucky <\/i>4<\/sup><\/span><\/p>\n

\u00a0<\/td>\n

\u00a0<\/p>\n

2.4 EH\/s<\/i><\/span><\/p>\n

\u00a0<\/td>\n

\u00a0<\/p>\n

2.2 EH\/s<\/i><\/span><\/p>\n

\u00a0<\/td>\n

\u00a0<\/p>\n

N\/A<\/i><\/span><\/p>\n

\u00a0<\/td>\n

\n \n <\/td>\n\u00a0<\/p>\n

10\u00a0%<\/i><\/span><\/p>\n

\u00a0<\/td>\n

\u00a0<\/p>\n

N\/A<\/i><\/span><\/p>\n

\u00a0<\/td>\n<\/tr>\n

\u00a0<\/p>\n

Avg. Operating Hash Rate – Total <\/b>4<\/sup><\/span><\/p>\n

\u00a0<\/td>\n

\n

\n 29.3 EH\/s<\/span>\n <\/p>\n<\/td>\n

\u00a0<\/p>\n

27.4 EH\/s<\/b><\/span><\/p>\n

\u00a0<\/td>\n

\u00a0<\/p>\n

8.7 EH\/s<\/b><\/span><\/p>\n

\u00a0<\/td>\n

\n \n <\/td>\n\u00a0<\/p>\n

7\u00a0%<\/b><\/i><\/span><\/p>\n

\u00a0<\/td>\n

\u00a0<\/p>\n

238\u00a0%<\/b><\/i><\/span><\/p>\n

\u00a0<\/td>\n<\/tr>\n

\u00a0<\/p>\n

Power Credits <\/i>5<\/sup><\/span><\/p>\n

\u00a0<\/td>\n

\n \n <\/td>\n\u00a0<\/p>\n

$3.2 million<\/i><\/span><\/p>\n

\u00a0<\/td>\n

\u00a0<\/p>\n

$0.8 million<\/i><\/span><\/p>\n

\u00a0<\/td>\n

\u00a0<\/p>\n

$2.2 million<\/i><\/span><\/p>\n

\u00a0<\/td>\n

\n \n <\/td>\n\u00a0<\/p>\n

328\u00a0%<\/i><\/span><\/p>\n

\u00a0<\/td>\n

\u00a0<\/p>\n

44\u00a0%<\/i><\/span><\/p>\n

\u00a0<\/td>\n<\/tr>\n

\u00a0<\/p>\n

Demand Response Credits <\/i>6<\/sup><\/span><\/p>\n

\u00a0<\/td>\n

\n \n <\/td>\n\u00a0<\/p>\n

$0.4 million<\/i><\/span><\/p>\n

\u00a0<\/td>\n

\u00a0<\/p>\n

$0.3 million<\/i><\/span><\/p>\n

\u00a0<\/td>\n

\u00a0<\/p>\n

$1.1 million<\/i><\/span><\/p>\n

\u00a0<\/td>\n

\n \n <\/td>\n\u00a0<\/p>\n

50\u00a0%<\/i><\/span><\/p>\n

\u00a0<\/td>\n

\u00a0<\/p>\n

-60\u00a0%<\/i><\/span><\/p>\n

\u00a0<\/td>\n<\/tr>\n

\u00a0<\/p>\n

Total Power Credits<\/b><\/span><\/p>\n

\u00a0<\/td>\n

\n \n <\/td>\n\u00a0<\/p>\n

$3.6 million<\/b><\/span><\/p>\n

\u00a0<\/td>\n

\u00a0<\/p>\n

$1.0 million<\/b><\/span><\/p>\n

\u00a0<\/td>\n

\u00a0<\/p>\n

$3.3 million<\/b><\/span><\/p>\n

\u00a0<\/td>\n

\n \n <\/td>\n\u00a0<\/p>\n

250\u00a0%<\/b><\/i><\/span><\/p>\n

\u00a0<\/td>\n

\u00a0<\/p>\n

10\u00a0%<\/b><\/i><\/span><\/p>\n

\u00a0<\/td>\n<\/tr>\n

\u00a0<\/p>\n

All-in Power Cost – Rockdale <\/i>7<\/sup><\/span><\/p>\n

\u00a0<\/td>\n

\n \n <\/td>\n\u00a0<\/p>\n

3.3c\/kWh<\/i><\/span><\/p>\n

\u00a0<\/td>\n

\u00a0<\/p>\n

3.9c\/kWh<\/i><\/span><\/p>\n

\u00a0<\/td>\n

\u00a0<\/p>\n

3.3c\/kWh<\/i><\/span><\/p>\n

\u00a0<\/td>\n

\n \n <\/td>\n\u00a0<\/p>\n

-15\u00a0%<\/i><\/span><\/p>\n

\u00a0<\/td>\n

\u00a0<\/p>\n

0\u00a0%<\/i><\/span><\/p>\n

\u00a0<\/td>\n<\/tr>\n

\u00a0<\/p>\n

All-in Power Cost – Corsicana <\/i>7<\/sup><\/span><\/p>\n

\u00a0<\/td>\n

\n

\n \u00a0<\/span>\n <\/p>\n

\n \u00a03.7c\/kWh <\/span>\n <\/p>\n

\n \u00a0<\/span>\n <\/p>\n<\/td>\n

\n

\n
\n 3.6c\/kWh<\/i>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n N\/A<\/i>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n 3\u00a0%<\/i>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n N\/A<\/i>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n
\n All-in Power Cost – Kentucky <\/i>
\n 7<\/sup>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n 3.2c\/kWh8<\/sup><\/i>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n 4.6c\/kWh<\/i>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n N\/A<\/i>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n -31\u00a0%<\/i>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n N\/A<\/i>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n
\n All-in Power Cost – Total <\/b>
\n 7<\/sup>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n 3.5c\/kWh<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n 3.8c\/kWh<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n 3.3c\/kWh<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n
\n -8\u00a0%<\/b>
\n <\/i>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n
\n 6\u00a0%<\/b>
\n <\/i>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Fleet Efficiency 2<\/sup><\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 21.1 J\/TH<\/span>\n <\/p>\n<\/td>\n

\n

\n 21.9 J\/TH<\/span>\n <\/p>\n<\/td>\n

\n

\n 27.0 J\/TH<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n -3\u00a0%<\/i>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n -22\u00a0%<\/i>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n

    \n
  1. \n Unaudited, estimated.<\/i>\n <\/li>\n
  2. \n As of month-end.<\/i>\n <\/li>\n
  3. \n
    \n Bitcoin<\/span> holdings include 5,784 Bitcoin<\/span> acquired in December 2024<\/span>.<\/i>\n <\/li>\n
  4. \n Average over the month.<\/i>\n <\/li>\n
  5. \n Estimated power curtailment credits.<\/i>\n <\/li>\n
  6. \n Estimated credits received from participation in ERCOT and MISO demand response programs.<\/i>\n <\/li>\n
  7. \n Estimated. Inclusive of all transmission and distribution charges, fees, adders, and taxes. Net of Total Power Credits.<\/i>\n <\/li>\n
  8. \n
    \n Kentucky<\/span> all-in power cost for January 2025<\/span> excludes the Blue Steel site.<\/i>\n <\/li>\n<\/ol>\n

    “Riot mined 527 bitcoin<\/span> 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.<\/p>\n

    “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<\/span>, 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.”<\/p>\n

    \n

    \n
    \n \"Riot's
    \n <\/a>\n <\/p>\n<\/p><\/div>\n

    \n Projected Hash Rate Growth<\/b>\n <\/p>\n

    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<\/span> mining expansion at the Corsicana Facility, although the Company will continue developing the substation to support additional power capacity.<\/p>\n

    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<\/span> mining operations at the Corsicana Facility, Riot now expects to end the year at 38.4 EH\/s.<\/p>\n

    \n

    \n
    \n \"Projected
    \n <\/a>\n <\/p>\n<\/p><\/div>\n

    \n Investor Events<\/b>\n <\/p>\n