Riot Platforms Achieves Peak Bitcoin Mining After Halving, Expanding AI Capabilities

Riot Platforms (RIOT) today announced strong operating results for March 2025, driven by continued growth in artificial intelligence (AI) and high-performance computing (HPC).

The company's Bitcoin (BTC) mining output reached 533 BTC last month, the highest since the reward halving nearly a year ago. The figure represents a 13% month-on-month increase and is 25% higher than the year-ago level. The volume of Bitcoin assets increased to 19,223 BTC.

Riot has announced plans to “aggressively” develop its facilities in Corsicana to take advantage of the growing demand for computing infrastructure needed for AI and high-performance computing.

A recently completed feasibility study by industry consultant Altman Solon confirmed the site’s significant potential to provide up to 600 megawatts of additional capacity for AI/HPC applications. Key benefits include 1.0 gigawatts of secured capacity, 400 MW of which is already operational, 265 acres of land with high development potential, and proximity to Dallas, a major AI and cloud computing hub.

The study highlights the platform's ability to support both logical and cloud workloads, increasing its attractiveness for AI/HPC users.

Riot maintained a stable deployed hash rate of 33.7 EH/s, while its average operational hash rate increased 3% month-over-month to 30.3 EH/s, a 254% increase year-over-year. Despite a decline in electricity credits due to seasonal factors, Riot maintained its overall electricity cost at 3.8 cents per kWh and increased its fleet efficiency to 21.0 J/TH, a 22% improvement year-over-year.

Riot shares fell 5.5% on Friday, while the Nasdaq 100 index fell 2.8%. They have lost 35% since the start of the year.

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Source: cryptonews.net