Riot Platforms Turns Up the Bitcoin Heat: More BTC, More Land, More Sass!

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What to Know:

  • Apparently, Riot mined 514 BTC in May 2025—more than double what they pulled last year. Who knew mining could become the new Black Friday sales?
  • They’ve acquired 355 acres near Corsicana—because what’s a little land when you’re building an empire of digital gold? 🏞️
  • Their hashrate surged to 35.4 EH/s, a 142% year-over-year leap—more power than your favorite superhero’s secret lair.

Bitcoin miner Riot Platforms (RIOT) has taken the phrase “going off the charts” quite literally, mining a staggering 514 BTC in May—an 11% bump from April and a jaw-dropping 139% more than a year ago. Of course, they sold nearly all of it, raking in a cool $51.3 million, each token averaging a modest $102,591. Anyone feeling a bit Bitcoin-rich? 💸

Meanwhile, their computing power has exploded to 35.4 exahashes per second—think of it as the digital equivalent of turning up the thermostat to ‘blazing’—a 5% increase over April and an impressive 142% over last year. The fleet is running more efficiently too, slurping just 21.2 joules per terahash instead of last May’s 28 J/TH. Because who doesn’t love saving energy while making more money? ⚡

And just when you thought Riot was only about Bitcoin, surprise! They’re eyeing the AI and high-performance computing worlds. They’ve swooped up 355 acres near Corsicana—possibly to create a mini Silicon Valley of their own. CEO Jason Les hinted that these new data centers will cater to enterprise giants and hyperscale clients—way beyond just mining small change.

In true Wildean fashion, Riot has recruited veteran Jonathan Gibbs as Chief Data Center Officer, signaling their grand plan to diversify beyond Bitcoin and into the glittering realm of AI infrastructure. Because why not be a jack of all trades when you can be a master of… everything? 🎩

And yes, RIOT shares are climbing higher by 3.4%—because what better way to celebrate digital dominance than a little upward momentum? 📈

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2025-06-03 18:03