Riot Platforms, Inc. (NASDAQ: RIOT), a vertically integrated Bitcoin mining company, has released its March 2025 production and operations update. The company reported notable increases in both bitcoin output and operational efficiency, alongside strategic developments at its Corsicana Facility.
March 2025 Production Highlights
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Bitcoin Mined: 533 BTC, up 13% from 470 BTC in February
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Daily Average Production: 17.2 BTC per day
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Bitcoin Holdings: 19,223 BTC as of March 31, 2025
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Bitcoin Sold: 350 BTC for approximately $24.3 million
The company’s bitcoin production in March also marked a 25% increase compared to the same period last year.
Hashrate and Fleet Efficiency
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Deployed Hashrate: 33.7 EH/s
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Average Operating Hashrate: 30.3 EH/s (3% month-over-month increase)
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Fleet Efficiency: 21.0 J/TH
These metrics reflect Riot’s focus on maintaining a high-performance fleet and expanding operational capabilities.
Progress at the Corsicana Facility
Riot received a feasibility study from Altman Solon analyzing the potential of developing up to 600 megawatts (MW) of capacity at its Corsicana site to support artificial intelligence (AI) and high-performance computing (HPC) workloads. Key highlights from the study include:
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1.0 gigawatt (GW) of secured power capacity
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60 miles from Dallas, a Tier-1 cloud and AI hub
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265 acres owned, with approximately 65 acres developable
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Onsite access to fiber and water infrastructure
The report positions the Corsicana Facility as a strong candidate for future AI/HPC expansion.
Leadership Commentary
Jason Les, CEO of Riot Platforms, commented:
“Riot mined 533 bitcoin in March, which represents a new post-halving production high for the Company. The operational improvements our onsite teams have made are demonstrating results in both operating hash rate growth and bitcoin production, despite increases in the network difficulty.”
Looking Ahead
With solid production results and continued investments in infrastructure, Riot Platforms is positioning itself for long-term growth. The company’s strategic alignment with emerging computing markets like AI and HPC may provide additional avenues for value creation in the near future.
