Key Highlights:
- Riot mined 533 BTC in March 2025, marking a 13% month-on-month increase and a 25% year-over-year increase, the highest monthly output since the reward halving.
- An Altman Solon study verifies a 600 MW development potential at the Corsicana facility, contributing to a total of 1.0 GW secured power and close proximity to Dallas.
- The operating hash rate improved to 30.3 EH/s (+3% month-over-month), the fleet efficiency reached 21.0 J/TH, and total Bitcoin holdings rose to 19,223 BTC.
Insights:
Riot Platforms (RIOT) has reported a strong operational performance in March 2025, emphasizing its ongoing expansion into the artificial intelligence (AI) and high-performance computing (HPC) sectors. The company’s Bitcoin (BTC) production has increased to 533 BTC, the highest since the reward halving nearly a year ago, representing a month-on-month rise of 13% and a 25% increase compared to the previous year.
Riot aims to aggressively develop its Corsicana facility to meet the growing demand for compute infrastructure for AI and HPC applications. The feasibility study indicates the site can accommodate up to 600 megawatts of extra capacity for AI/HPC applications, with key assets including 1.0 gigawatt of secured power and a strategic location near Dallas, a critical hub for AI and cloud computing.
Furthermore, the study highlights the ability of the site to support both inference and cloud-based workloads, boosting its attractiveness to AI and HPC tenants. Although there was a decline in power credits due to seasonal changes, Riot has kept its power costs competitive at 3.8 cents per kWh while enhancing fleet efficiency by 22% from the previous year.
On Wall Street, Riot’s shares saw a 5.5% drop on Friday, coinciding with a 2.8% decline in the Nasdaq 100 index, with shares down 35% year-to-date.
