Riot Platforms Bitcoin Production Hits 13% Monthly Gain, Expands Into AI and HPC

Riot Platforms reported a strong operational performance in March 2025, driven by its continued expansion into the artificial intelligence (AI) and high-performance computing (HPC) sectors. The company's bitcoin (BTC) production for the month reached 533 BTC, marking the highest level since the reward halving almost a year ago. This figure represents a 13% increase from the previous month and a 25% rise compared to the same period last year. Consequently, Riot's bitcoin holdings grew to 19,223 BTC.

Riot Platforms is aggressively pursuing the development of its Corsicana facility to capitalize on the rising demand for compute infrastructure used in AI and HPC. A feasibility study by industry consultant Altman Solon confirmed the site's potential to support up to 600 megawatts of additional capacity for AI/HPC applications. The site boasts 1.0 gigawatt of secured power, with 400 MW already operational, and 265 acres of land with substantial development potential. Its proximity to Dallas, a major hub for AI and cloud computing, further enhances its appeal. The study highlighted the site's ability to support both inference and cloud-based workloads, making it attractive to AI/HPC tenants.

Riot maintained a steady deployed hash rate of 33.7 EH/s, while its average operating hash rate grew by 3% month-over-month to 30.3 EH/s, representing a 254% increase year-over-year. Despite a decline in power credits due to seasonal factors, Riot kept its all-in power cost low at 3.8 cents per kWh. The company also improved fleet efficiency to 21.0 J/TH, a 22% improvement from the previous year. These operational enhancements reflect Riot's commitment to optimizing its mining operations and leveraging advanced technologies to stay competitive in the industry.

Riot Platforms' achievement of a post-halving Bitcoin production high, coupled with its expansion into AI and HPC, underscores the company's strategic vision and operational excellence. By redirecting resources towards AI and HPC, Riot is positioning itself at the forefront of technological innovation in the mining sector. This proactive approach ensures that the company remains competitive in an ever-evolving industry, preparing for future challenges and opportunities. Riot's leadership, under CEO Jason Les, has been instrumental in driving this strategic vision forward, highlighting the company's commitment to innovation and long-term success.