In April 2025, Riot Platforms produced 463 Bitcoin, reflecting a decrease of 13% from March but a year-over-year increase of 23%. The company enhanced its financial position by selling 475 Bitcoin for $38.8 million, driven by a strategic pivot to fund ongoing operations. Significant developments include the acquisition of Rhodium's assets, which ended the hosting agreement with their last client, transitioning Riot fully away from the bitcoin mining hosting business. Despite challenges from increased network difficulty impacting production rates, strong fleet efficiency and power strategy contributed positively to operations.
Riot mined 463 bitcoin in April as the network experienced two successive difficulty adjustments during the month.
April was a significant month for Riot as we closed on the acquisition of all of the tangible assets of Rhodium at our Rockdale Facility, including 125 MW of power capacity, and mutually ended all outstanding litigation.
During the month of April, we made the strategic decision to sell our monthly production of bitcoin to fund ongoing growth and operations.
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