Riot Platforms has reported significant developments in its mining operations for August, showcasing a notable performance in bitcoin production. The company mined a total of 477 bitcoins during the month, marking an impressive 48% leap compared to the 322 bitcoins mined in August 2024. However, this figure represents a slight decline of 2% when juxtaposed with July 2025’s production of 484 bitcoins.
On a daily average basis, Riot produced approximately 15.4 bitcoins, which shows a small decrease from the previous month’s average of 15.6 bitcoins but a robust increase from the 10.4 bitcoins mined daily a year prior. In terms of its treasury, Riot added 22 bitcoins in August, bringing its total holding to 19,309 bitcoins by the end of the month. The company also sold 450 bitcoins during the month, resulting in net proceeds of $51.8 million.
Riot has seen advancements in its operational efficiency as well, with its deployed hashrate climbing to 36.4 EH/s from 35.5 EH/s in July. The average operating hashrate improved to 31.4 EH/s, indicating progress in optimizing mining performance.
A key aspect of Riot’s strategy lies in effective power management, which has significantly contributed to its financial results. Total power credits for August reached $16.1 million, reflecting a staggering 148% increase year-on-year. Additionally, demand response credits added another $0.9 million, helping Riot maintain a competitive all-in power cost of 2.6 cents per kilowatt-hour, unchanged from the previous August and 7% lower than the rate recorded in July. The company’s fleet efficiency stands at 21.0 J/TH, further underscoring its operational advancements.
Riot’s operations, primarily based in Texas and Kentucky, continue to be central to its approach of integrating substantial compute capacity with grid-responsive power credits, thereby enhancing its operational resilience and profitability.
At the time of the report, Riot Platforms’ stock (RIOT) had experienced a slight uptick of 0.2% from the previous day’s close, indicating a stable market reaction to these operational updates.
