Riot Platforms (NASDAQ: RIOT) produced 463 Bitcoins in April 2025. According to the latest unaudited monthly production and operations report, this was a 13% decrease from March, but an increase of 23% year-on-year. The company also sells 475 Bitcoin with a net income of $38.8 million at an average price of $81,731, indicating a strategic change in its funding operations.
“We’re looking forward to seeing you in the future,” said Jason Les, CEO of Riot.
The company entered into a major transaction in April, acquiring all of the tangible assets of Rhodium at the Rockdale facility, which includes a power capacity of 125 MW. “April was a significant month for the riots as it closed the acquisition of all Rhodium’s tangible assets at the Rockdale facility, including 125 MW of electricity capacity and mutually terminated all outstanding cases,” Les continued. “This transaction marks the full exit for the riot from the Bitcoin mining hosting business,” he said, “this transaction will terminate the hosting agreement with the last hosting client.”
Due to increased network difficulty, average Bitcoin production per day fell by 15.4 BTC/day compared to 17.2 BTC/day in March. Riot’s expanded hashrate remained flat at 33.7 EH/s, but its average operating hashrate soaked 29.3 EH/s at 3%. The company maintained strong fleet efficiency at 21.0 j/th, an improvement of 22% year-on-year.
The Power Strategy was also a strong contributor to Riot’s revenue. Total power credit reached $2.0 million in April. This was 131% UP since March, driven by increased participation in response to demand and reductions.
“In April, we made the strategic decision to sell monthly production of Bitcoin to fund continuous growth and operations,” Les said. “These sales reduce the need for stock financing and limit the dilution of the stock.”
Riot ended the month holding 19,211 Bitcoins, including 1,900 limit assets, and has been stable since March, but more than doubled its April 2024.
The company said it is actively recruiting and will be participating in several major industry events, including the Bitcoin 2025 conference in Las Vegas in May.
With its vertically integrated model and recent operational integration, Riot continues to hold its position as a long-term leader in US-based Bitcoin mining.
The Post Riot produced 463 BTC in April during the strategic transition, first appeared in Bitcoin Magazine, written by Jenna Mont Gomery.