Riot Platforms Reaches Post-Halving Bitcoin Production Peak While Expanding AI Capabilities

Points to know:

• Riot mined 533 BTC in March 2025, a 13% increase from February and a 25% year-over-year rise, reaching its highest monthly output since the halving.

• Altman Solon’s study confirms the potential for 600 MW development at the Corsicana facility, contributing to a total of 1.0 GW of secured power and strategic proximity to Dallas.

• The operating hash rate increased to 30.3 EH/s (+3% MoM), fleet efficiency improved to 21.0 J/TH, and bitcoin holdings grew to 19,223 BTC.

Riot Platforms (RIOT) posted strong operational results for March 2025, marking significant progress in its expansion into the artificial intelligence (AI) and high-performance computing (HPC) sectors.

In March, the company produced 533 BTC, the highest monthly output since the reward halving nearly a year ago. This represents a 13% month-on-month increase and a 25% rise compared to the same period last year. Riot’s total bitcoin holdings grew to 19,223 BTC.

Riot announced plans to "aggressively pursue" the development of its Corsicana facility to meet the growing demand for compute infrastructure used in AI and high-performance computing (HPC).

A feasibility study conducted by industry consultant Altman Solon confirmed the site’s strong potential to support up to 600 megawatts of additional capacity for AI/HPC applications. The facility benefits from 1.0 gigawatt of secured power, with 400 megawatts already operational. It also spans 265 acres of land, offering substantial development potential, and is strategically located near Dallas, a major hub for AI and cloud computing.

The study highlighted that the Corsicana site is well-suited to support both inference and cloud-based workloads, making it an attractive option for AI and HPC tenants.

Riot reported a steady deployed hash rate of 33.7 EH/s, with its average operating hash rate growing by 3% month-over-month to 30.3 EH/s, marking a 254% increase compared to the previous year. Despite a seasonal decline in power credits, the company managed to keep its all-in power cost low at 3.8 cents per kWh. Additionally, fleet efficiency improved by 22% from the previous year, reaching 21.0 J/TH.

Riot's shares fell 5.5% on Friday, while the Nasdaq 100 index dropped 2.8%, with Riot’s stock losing 35% year-to-date.