Riot Platforms reported a production of 463 BTC for April 2025. While this marks a 13% decrease compared to March’s figures, there is an annual increase of 23%. Meanwhile, the net income from the sale of 475 BTC, totaling $38.8 million, signals a notable shift in the company’s financial strategies. The company is making significant strides in diversifying its operational resources.
Trends in April Production Data: Increases and Decreases
According to the report, after encountering network configuration challenges in April, the average daily production fell from 17.2 BTC in March to 15.4 BTC. The total hash rate remained stable at 33.7 EH/s, while the operating hash rate experienced a 3% decline. However, there is a noticeable annual improvement in energy efficiency, reaching a J/TH ratio of 21.0. These developments indicate improvements in cryptocurrency mining costs while revealing ongoing performance fluctuations.
Despite the decrease in production volume, the annual growth demonstrates the company’s continued focus on expansion. The 463 BTC produced in April reflects a 23% increase compared to the previous year. Additionally, the $38.8 million revenue generated from the sale of 475 BTC helped tackle operational costs, reducing capital needs and strengthening cash flow.
Rockdale Facility Assets Bolster Company’s Position
In April, Riot Platforms took over all material assets from Rhodium at the Rockdale facility, gaining an additional 125 MW of power capacity. This move formalized the company’s decision to exit the hosting services business. By terminating the agreement with its last client, the company brought the infrastructure entirely under its control, aiming to centralize operations in line with its long-term leadership aspirations.
The increase in energy credits was also noticeable. With a 131% surge compared to March, reaching $2.0 million, this reflects the company’s efforts toward green energy and cost efficiency. At the end of April, Riot strengthened its balance sheet with a stock of 19,211 BTC, approximately 1,900 of which are held as restricted assets. The company plans to explore new business opportunities by participating in industry conferences in May.
