Main Points:
- Record BTC Mining: Riot Platforms mined 533 BTC in March 2025, a post‑halving monthly record (up 13% MoM, 25% YoY).
- Scalable Infrastructure: Corsicana facility offers up to 1.0 GW power capacity, with 600 MW expansion potential for AI/HPC workloads.
- Hashrate and Efficiency Gains: Network hashrate reached 30.3 EH/s (+3% MoM), with mining efficiency improving to 21.0 J/TH.
- Strategic AI Investment: Riot is repurposing surplus computing for AI and high‑performance computing, tapping growing demand.
- Market and Stock Impact: Despite operational gains, share price dipped 5.5% on April 4 amid broader market sell‑off.
Introduction
Riot Platforms, a leading Bitcoin mining company, achieved a new milestone in March 2025 by mining 533 BTC—the highest monthly output since the May 2024 halving event. This performance, marking a 13% increase from February and a 25% rise year‑over‑year, underscores Riot’s operational resilience and strategic investments in scalable infrastructure. Beyond pure mining, Riot is pivoting part of its massive compute capacity toward artificial intelligence (AI) and high‑performance computing (HPC) applications, signaling a diversified approach to data‑center utilization.
Record Mining Performance
March’s output of 533 BTC reflects Riot’s aggressive scaling post‑halving. The company’s Corsicana, Texas facility, powered by up to 1.0 GW of electricity (400 MW currently active), mined 533 BTC in a single month—its best since block rewards halved. This achievement resulted in Riot’s BTC holdings reaching 19,223 BTC, positioning it among the largest corporate Bitcoin treasuries.
- Monthly Growth: +13% vs. February 2025.
- Annual Growth: +25% vs. March 2024.
Infrastructure and Expansion Potential
Industry consultant Altman Solon reports Riot’s Corsicana site sits on 265 acres, with room for up to 600 MW of additional build‑out. Proximity to Dallas—a major AI and cloud computing hub—and reliable grid connections enhance its strategic value.
- Total Capacity: 1.0 GW (400 MW live, 600 MW expandable).
- Site Advantages: Stable power, large footprint, and regional tech ecosystem.
Hashrate and Efficiency Improvements
Riot’s network hashrate climbed to 30.3 EH/s in March, up 3% from February and up 254% year‑over‑year. Improved energy efficiency—21.0 J/TH, a 22% YoY gain—reflects both hardware upgrades and optimized operational practices.
- Network Hashrate: 30.3 EH/s (+3% MoM, +254% YoY).
- Energy Efficiency: 21.0 J/TH (+22% YoY).
- Power Cost: $0.038 per kWh, among industry’s lowest.
Diversifying into AI and HPC
Recognizing rising demand for compute beyond mining, Riot announced plans to allocate excess capacity toward AI and HPC workloads. This strategic pivot aims to capture new revenue streams as enterprises seek scalable, cost‑effective computing resources.
- AI/HPC Focus: Partnerships with cloud and AI firms to utilize idle ASIC capacity.
- Revenue Diversification: Monetizing spare compute during mining downtimes.
Financial Market Reaction
Despite operational excellence, Riot’s stock fell 5.5% on April 4, extending a 35% year‑to‑date decline. The drop reflects broader tech and crypto sector pressures, though analysts note that mining fundamentals remain robust.
Riot Platforms’ record mining output post‑halving and its strategic move into AI/HPC underscore the company’s operational adaptability. With ample expansion capacity in Corsicana and continuous efficiency gains, Riot is well‑positioned to navigate Bitcoin’s cyclical dynamics and emerging compute markets. Investors should monitor Riot’s execution in AI partnerships and its ability to maintain low power costs, as these factors will drive long‑term value beyond pure BTC production.
