According to its latest unaudited monthly production and operations report, the RIOT platform (NASDAQ:RIOT) produced 463 bitcoins in April 2025, down 13% from March, but up 23% year-on-year. The company also sold 475 bitcoins in net earnings net earnings coins with an average price of $81,731, marking a strategic shift in financing operations.
“Riot mined 463 bitcoins in April as the network experienced two consecutive adjustments this month,” said Riot CEO Jason Les.
The company closed a big deal in April, acquiring all tangible Rhodium assets, including 125 MW of electricity capacity in its Rockdale facility. “April is an important month as we closed the acquisition of all tangible if-stage at our Rockdale facility, including 125 MW of electricity capacity and terminated each other’s outstanding lawsuits,” Rice continued. “This transaction ended the custody agreement with our last custody client and marked a complete exit from the riots in the Bitcoin mining custody business.”
The average daily output of Bitcoin fell to 15.4 BTC/day, while 17.2 BTC/day in March was driven by the increase in network difficulty. Riot’s deployment hash rate remains flat at 33.7 EH/s, and its average working hash rate drops by 3% to 29.3 EH/s. The company maintained a strong fleet efficiency of 21.0 J/Th, up 22% year-on-year.
Power strategy is also an important contribution to Riot’s bottom line. Total electricity credit in April reached $2 million, with 131% from March resulting in demand response and reduced participation.
“In April, we made a strategic decision to sell monthly production of Bitcoin to fund ongoing growth and operations,” Rice said. “These sales reduced the demand for equity fundraising, thus limiting the dilution of our stock.”
Riot held this month with 19,211 bitcoins, including 1,900 restricted assets, which remained stable since March, but totaled more than 2024.
The company said it is actively recruiting and will attend several major industry events in May, including the 2025 Bitcoin Conference in Las Vegas.
Through vertically integrated models and recent operational integration, Riot continues to position itself as a long-time leader in Bitcoin mining in the United States.
