TLDR
- Riot Platforms produced 514 Bitcoin in May 2025, up 11% from April and 139% year-over-year
- Company sold 500 Bitcoin at average price of $102,591, generating $51.3 million in proceeds
- Riot appointed Jonathan Gibbs as Chief Data Center Officer to lead expansion into data centers
- Hash rate capacity reached 35.4 EH/s, representing 142% year-over-year growth
- Company acquired 355 acres near Corsicana site for data center development
Riot Platforms delivered strong Bitcoin mining results in May 2025. The company produced 514 Bitcoin during the month.
This represents an 11% increase from April’s production numbers. More impressively, the year-over-year growth reached 139%.
Bitcoin & The Big 3 Miners Prediction using Technical Analysis: Short Squeeze Forming!? https://t.co/A6M5bJQYlM$MARA announces 950 $BTC mined in May. $RIOT announces 514 bitcoins mined in May. $CLSK announces 694 bitcoins mined in May.
The Big 3 Miners continue to hash away… pic.twitter.com/eCrl29MBtV— alliseeisW (@alliseeis_W) June 4, 2025
The company made strategic moves with its Bitcoin holdings during May. Riot sold 500 Bitcoin at an average price of $102,591 per coin.
This sale generated $51.3 million in net proceeds for the company. The average selling price was 26% higher than April’s average.
Despite the sales, Riot maintains a substantial Bitcoin reserve. The company currently holds 19,225 Bitcoin on its balance sheet.
Hash Rate Expansion Continues
Riot’s mining infrastructure showed continued growth in May. The company’s deployed hash rate reached 35.4 EH/s.
This figure represents a 5% monthly increase. Year-over-year, the hash rate capacity jumped 142%.
The company’s average operating hash rate was 31.5 EH/s during May. This means Riot utilized about 89% of its deployed capacity.
Fleet efficiency improvements helped offset some operational challenges. The company’s mining equipment efficiency reached 21.2 J/TH.
This represents a 24% improvement from the previous year’s 28.0 J/TH. Better efficiency helps reduce power consumption per Bitcoin mined.
Data Center Expansion Plans
Riot made moves to diversify beyond Bitcoin mining in May. The company acquired 355 acres of land near its Corsicana site.
#CorsicanaUpdate 🎥 We’re making progress at our Corsicana facility in Navarro County, Texas. Our team has been busy clearing earth to set the foundation for our incoming #Bitcoin mining infrastructure.$Riot #bitcoinmining #Texas pic.twitter.com/KPZ8oNhSCb
— Riot Platforms, Inc. (@RiotPlatforms) January 31, 2023
This land will support the company’s data center expansion plans. The move represents a shift toward high-performance computing services.
Riot appointed Jonathan Gibbs as Chief Data Center Officer. Gibbs brings experience from the data center industry.
His role will focus on developing hyperscale and enterprise-focused data center platforms. This diversification could create new revenue streams for Riot.
The company aims to serve both hyperscale and enterprise clients. This strategy could reduce dependence on Bitcoin mining alone.
Power costs presented challenges during May operations. Total power costs increased 95% year-over-year to 3.8 cents per kWh.
Power credits decreased across multiple categories during the month. Total power credits fell 70% year-over-year to $2.2 million.
Demand response credits also declined 49% year-over-year to $1.6 million. These increases in power costs affect mining profitability.
However, improved fleet efficiency helped partially offset higher energy expenses. The 24% efficiency improvement reduced power needs per Bitcoin mined.
Riot’s stock performance has been mixed recently. The company’s shares moved 1.07% last month.
This performance lagged the broader market’s 2% gain over the past week. Long-term performance tells a different story.
Over five years, Riot’s total shareholder return reached 229.96%. This includes both share price gains and dividends.
The stock currently trades at a discount to analyst price targets. The consensus target sits at $16.10 per share.
Riot’s May results show the company balancing Bitcoin accumulation with strategic sales. The 514 Bitcoin produced exceeded both monthly and yearly comparisons while maintaining substantial reserves of 19,225 Bitcoin.
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