What to know:
- In a remarkable twist of fate, Riot mined 533 BTC in March 2025—up 13% from February and a staggering 25% year-over-year, marking its highest monthly output since the halving. Who knew mining could be so productive? 🤔
- A study by Altman Solon validated the potential for 600 MW development at the Corsicana facility, securing a total of 1.0 GW of power. Dallas, watch out! ⚡️
- Operating hash rate increased to 30.3 EH/s (+3% MoM), fleet efficiency improved to 21.0 J/TH, and bitcoin holdings grew to 19,223 BTC. Talk about a digital gold rush! 🏃♂️💨
Riot Platforms (RIOT) reported a performance that could make even the most stoic of souls crack a smile in March 2025, as it boldly expanded into the realms of artificial intelligence (AI) and high-performance computing (HPC). Who needs a crystal ball when you have Bitcoin? 🔮
The company’s bitcoin (BTC) production last month rose to 533 BTC, the most since the reward halving almost a year ago. A month-on-month increase of 13% and a 25% rise from a year before—it’s like watching a toddler grow, but with more zeros! 🎉
Riot declared its intent to “aggressively pursue” the development of its Corsicana facility, eager to ride the wave of rising demand for compute infrastructure used in AI and HPC. Because why not? 🤷♂️
A recently completed feasibility study by industry consultant Altman Solon confirmed the site’s potential to support up to 600 megawatts of additional capacity for AI/HPC applications. With 1.0 gigawatt of secured power, 400 MW already operational, and 265 acres of land ripe for development, it’s practically a tech utopia! 🌍
The study noted the site’s ability to support both inference and cloud-based workloads, making it a magnet for AI/HPC tenants. Who wouldn’t want to live in such a paradise? 🏖️
Riot maintained a steady deployed hash rate of 33.7 EH/s, while its average operating hash rate grew 3% month-over-month to 30.3 EH/s—representing a 254% increase year-over-year. If only my bank account could grow like that! 💸
Despite the power credits taking a hit due to seasonal factors, Riot kept its all-in power cost low at 3.8 cents per kWh, and improved fleet efficiency to 21.0 J/TH, a 22% improvement from the previous year. Efficiency is the name of the game, folks! 🎯
However, in a twist of irony, Riot’s shares fell 5.5% on Friday, while the Nasdaq 100 index dropped 2.8%. They have lost 35% year-to-date. Ah, the sweet taste of irony in the world of finance! 🍋
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2025-04-04 17:39