Timothy Morano
March 8, 2025 08:20
According to the RIOT platform, the RIOT platform produced 470 BTCs in February 2025, down 11% from last month due to reduced maintenance and weather -related power.
Riot Platforms, Inc., a prominent player in the BTC (Bitcoin) mining industry (NASDAQ: RIOT) announced production and operation updates in February February 2025.
Production indicators
Despite the monthly decrease, the riot platform was 12% higher than the previous year compared to February 2024, when the company produced 418 BTC. The average daily production decreased by 1% from 17.0 BTC per day in January 2025 to 16.8 BTC on February 1, 2025. As of the end of February, RIOT held 18,692 BTCs, reflecting 3% increase and 132% increase from the previous year.
Hash rate and power cost
The total hash ratio of the company was stable at 33.6 EH/S, and the growth rate of 171%was noticeable compared to the previous year. The average operating hash ratio also reached a 29.4 EH/s, an increase of 246% year -on -year, which showed significant improvement. The power credit in February was $ 2.8 million, down 33% from January, but increased 196% from February 2024.
Infrastructure development
Riot Platforms CEO Jason LES emphasized the operational efficiency achieved in the facility and minimized the impact of external tasks on daily production. The company continues to prioritize the AI/HPC Initiative, and Corsicana is expected to access the power of up to 1.0 giga watts strategically located near Texas Dallas’s first -level data center market by 2026.
Market context
This announcement occurs in a wide range of industrial contexts that explore the energy prices and regulatory environments that bitcoin mining companies are fluctuating. The focus on RIOT’s operational efficiency and strategic expansion can adapt to these tasks while exploring new opportunities in the AI and high -performance computing markets.
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