Riot Platforms Bitcoin Output Jumps 139% Year Over Year

Riot Platforms, a prominent bitcoin miner, reported a significant increase in its bitcoin output for the month of May 2025. The company mined 514 BTC, marking an 11% increase from April and a 139% jump compared to the same period last year. This substantial growth in production highlights Riot's expanding capabilities in the bitcoin mining sector. The company sold nearly all the newly mined bitcoin, generating $51.3 million in proceeds at an average price of $102,591 per token. This move not only demonstrates Riot's operational efficiency but also its strategic approach to capitalizing on market conditions.

In addition to its mining achievements, Riot Platforms has made notable strides in enhancing its hashrate and operational efficiency. The company's total deployed hashrate reached 35.4 exahashes per second (EH/s), representing a 5% increase over April and a 142% rise compared to the previous year. This increase in hashrate is a testament to Riot's investment in advanced mining equipment and infrastructure. Furthermore, the company's operating efficiency improved, with the fleet running at 21.2 joules per terahash (J/TH), down from 28 J/TH in May 2024. This improvement indicates that Riot is optimizing its energy usage, which is crucial for sustainable mining operations.

Beyond its core bitcoin mining activities, Riot Platforms is strategically positioning itself for growth in the AI and high-performance computing (HPC) sectors. In May, the company acquired 355 acres of land near its Corsicana facility in Texas. This acquisition is part of Riot's plan to build large-scale data centers tailored for enterprise and hyperscale clients. CEO Jason Les emphasized that these data centers require significantly larger footprints than traditional mining operations, underscoring the company's ambition to diversify its revenue streams. To lead this initiative, Riot hired industry veteran Jonathan Gibbs as Chief Data Center Officer, signaling its commitment to expanding into the fast-growing market for AI-ready infrastructure.

Riot Platforms' expansion into the AI and HPC sectors is a strategic move that aligns with the growing demand for high-performance computing resources. By leveraging its expertise in data center operations and infrastructure, Riot aims to capture a share of this lucrative market. The acquisition of land and the hiring of a seasoned executive demonstrate the company's seriousness in pursuing this new avenue of growth. As the demand for AI and HPC continues to rise, Riot Platforms is well-positioned to benefit from this trend, further solidifying its status as a leader in the technology and mining sectors.