Riot Blockchain Mines 450 Bitcoin in June: Major Milestone Achieved!
Riot Platforms Reports June 2025 bitcoin Production and Operational Highlights
bitcoin Production Overview
In June 2025, Riot Platforms, Inc. (NASDAQ: RIOT) announced the mining of 450 bitcoin, marking a 12% decline from May’s output but showcasing a remarkable 76% increase compared to the same month last year. The company also reported a significant rise in power credits, reaching $5.6 million, which is more than double the amount from the previous month.
Financial Performance and bitcoin Sales
Riot sold 397 bitcoin during June, generating $41.7 million in revenue. This represents a 21% drop in sales volume and a 19% decrease in revenue compared to May; however, the average selling price per bitcoin increased to $105,071. By the end of June, Riot’s total bitcoin holdings rose to 19,273, more than twice the quantity held in June 2024.
Hash Rate and Operational Efficiency
The average operating hash rate for the month decreased by 5% from May, settling at 29.8 EH/s. Despite this decline, it remains 162% higher than the same period last year. Fleet efficiency remained stable at 21.2 J/TH, reflecting an 18% improvement year-over-year.
CEO Insights on Strategic Initiatives
Jason Les, CEO of Riot, commented on the company’s performance, stating, “The mining of 450 bitcoin in June coincided with the initiation of ERCOT’s Four Coincident Peak (4CP) program.” He emphasized that Riot’s power strategy, which includes economic curtailment and voluntary participation in demand response programs like 4CP, plays a crucial role in enhancing grid stability and improving the company’s competitive edge.
Comparison with Previous Months
June’s results follow a strong April, where Riot produced 463 bitcoin and sold 475 for $38.8 million at an average price of $81,731. Additionally, the company completed a significant acquisition, obtaining all tangible assets from Rhodium at its Rockdale Facility, which included 125 MW of power capacity.
Conclusion on Strategic Developments
Les highlighted the importance of April’s achievements, noting, “This month was pivotal for Riot as we finalized the acquisition of Rhodium’s assets at our Rockdale Facility and concluded all ongoing litigation.” He added that this transaction signifies Riot’s full exit from the bitcoin mining hosting sector, marking a new chapter for the company.
