Riot Platforms, Inc. (NASDAQ: RIOT), a leading Bitcoin mining company, announced its June 2025 production results, revealing the mining of 450 Bitcoin—a 12% decrease from May but a substantial 76% year-over-year increase. The company also reported $5.6 million in power credits, more than double the previous month’s earnings.
Key Highlights of Riot’s June 2025 Performance
- Bitcoin Production: 450 BTC (19,273 BTC total holdings as of June 2025).
- Power Credits: $5.6 million (up 104% from May).
- Bitcoin Sales: 397 BTC sold for $41.7 million** at an average price of **$105,071 per coin.
- Hash Rate: Deployed hash rate of 35.5 EH/s with an all-in power cost of 3.4¢/kWh.
- Fleet Efficiency: Steady at 21.2 J/TH, an 18% improvement year-over-year.
Strategic Power Management and Market Positioning
Riot’s CEO, Jason Les, emphasized the company’s power strategy, which includes:
- Economic Curtailment: Reducing energy consumption during peak demand.
- 4CP Program Participation: Enhancing grid stability through ERCOT’s Four Coincident Peak initiative.
“Riot’s power strategy significantly contributes to grid stability while strengthening our competitive edge,” stated Les.
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Year-over-Year Growth and Recent Acquisitions
Riot’s 19,273 Bitcoin holdings in June 2025 mark a 100%+ increase from June 2024. The company also completed a major acquisition earlier in 2025:
- Rhodium Assets: Acquired 125 MW of power capacity at the Rockdale Facility.
- Litigation Resolution: Settled all outstanding legal disputes with Rhodium.
CEO Les noted:
“This acquisition marks Riot’s full exit from Bitcoin mining hosting, allowing us to focus entirely on proprietary mining operations.”
Bitcoin Market Trends and Riot’s Sales Strategy
Despite selling 21% fewer Bitcoin in June ($41.7 million vs. May’s $51.4 million), Riot achieved a higher average sale price ($105,071 vs. $81,731 in April). This reflects:
- Market Resilience: Bitcoin’s price stability amid broader crypto volatility.
- Strategic Timing: Riot’s selective sales during price peaks.
Frequently Asked Questions (FAQs)
Q1: Why did Riot’s Bitcoin production drop in June 2025?
A: The 12% month-over-month decrease was due to planned participation in ERCOT’s 4CP program, which temporarily reduced mining output to support grid stability.
Q2: How does Riot benefit from power credits?
A: Power credits offset operational costs, improving profitability. June’s $5.6 million credits were earned by reducing energy use during peak demand.
Q3: What’s next for Riot after exiting hosting services?
A: The company will focus on scaling proprietary mining and leveraging its expanded power capacity (125 MW from Rhodium).
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Conclusion
Riot’s June 2025 results underscore its adaptive power management and long-term growth strategy, balancing Bitcoin production with grid sustainability. With a doubled Bitcoin reserve and streamlined operations, Riot remains a key player in the evolving mining landscape.
For more insights into Bitcoin mining trends, stay tuned to industry updates.