Riot Announces February 2025 Production and Operations Updates

Riot Produces 470 Bitcoin in February 2025

CASTLE ROCK, Colo., March 4, 2025 /PRNewswire/ — Riot Platforms, Inc. (NASDAQ: RIOT) (“Riot” or “the Firm”), an trade chief in vertically built-in Bitcoin (“BTC”) mining, pronounces unaudited manufacturing and operations updates for February 2025.

Bitcoin Manufacturing and Operations Updates for February 2025

				*Comparability (%)*
Metric	February 2025 ¹	January 2024 ¹	February 2024	*Month/Month*	*Yr/Yr*
Bitcoin Produced	470	527	418	-11 %	12 %
Common Bitcoin Produced per Day	16.8	17.0	14.4	-1 %	16 %
Bitcoin Held ²	18,692	18,221	8,067	3 %	132 %
Bitcoin Bought	–	–	–	N/A	N/A
Bitcoin Gross sales – Internet Proceeds	–	–	–	N/A	N/A
Common Internet Value per Bitcoin Bought	N/A	N/A	N/A	N/A	N/A
Deployed Hash Price – Rockdale ²	15.0 EH/s	15.0 EH/s	12.4 EH/s	0 %	21 %
Deployed Hash Price – Corsicana ²	15.7 EH/s	15.7 EH/s	–	0 %	N/A
Deployed Hash Price – Kentucky ²	2.9 EH/s	2.8 EH/s	N/A	3 %	N/A
Deployed Hash Price – Whole ²	33.6 EH/s	33.5 EH/s	12.4 EH/s	0 %	171 %
Avg. Working Hash Price – Rockdale ³	12.9 EH/s	12.7 EH/s	8.5 EH/s	2 %	52 %
Avg. Working Hash Price – Corsicana ³	13.9 EH/s	14.2 EH/s	–	-2 %	N/A
Avg. Working Hash Price – Kentucky ³	2.6 EH/s	2.4 EH/s	N/A	7 %	N/A
Avg. Working Hash Price – Whole ³	29.4 EH/s	29.3 EH/s	8.5 EH/s	0 %	246 %
Energy Credit ⁴	$2.1 million	$3.2 million	$0.7 million	-36 %	180 %
Demand Response Credit ⁵	$0.7 million	$1.0 million	$0.2 million	-25 %	249 %
Whole Energy Credit	$2.8 million	$4.2 million	$1.0 million	-33 %	196 %
All-in Energy Value – Rockdale ⁶	3.5c/kWh	3.4c/kWh	4.0c/kWh	4 %	-11 %
All-in Energy Value – Corsicana ⁶	3.7c/kWh	3.4c/kWh	N/A	8 %	N/A
All-in Energy Value – Kentucky ⁶	4.0c/kWh	3.9c/kWh	N/A	4 %	N/A
All-in Energy Value – Whole ⁶	3.6c/kWh	3.4c/kWh	4.0c/kWh	7 %	-8 %
Fleet Effectivity ²	21.0 J/TH	21.1 J/TH	27.0 J/TH	-1 %	-22 %

Unaudited, estimated.
As of month-end.
Common over the month.
Estimated energy curtailment credit.
Estimated credit obtained from participation in ERCOT and MISO demand response applications.
Estimated. Inclusive of all transmission and distribution prices, charges, adders, and taxes. Internet of Whole Energy Credit.

“Riot mined 470 bitcoin in February, with whole manufacturing impacted by deliberate upkeep, elevated curtailment pushed by larger energy costs because of colder climate, and a shortened month,” stated Jason Les, CEO of Riot. “Despite these elements which impacted whole manufacturing, ongoing enhancements in utilization and operational efficiencies throughout all our amenities meant that bitcoin produced per day declined only one% in February, relative to the prior month.

“Our AI/HPC course of stays our high precedence, and we’ve got been inspired by the sturdy demand we see out there. The Corsicana Facility represents a singular alternative to entry as much as 1.0 gigawatt of energy by 2026 in close to proximity to the Tier 1 information middle market of Dallas, Texas, and we are going to proceed to aggressively pursue an final result that finest maximizes the worth of Riot’s belongings.”

Riot's Corsicana Facility

Investor Occasions

Cantor Fitzgerald International Expertise Convention held in New York Metropolis, NY, March 11^th-12^th.
37^th Annual Roth Convention held in Dana Level, CA, March 17^th-18^th.

Human Assets Replace

Riot is at the moment recruiting for positions throughout the Firm. Be part of our crew in constructing, increasing, and securing the Bitcoin community.

Open positions can be found at: https://www.riotplatforms.com/careers.

About Riot Platforms, Inc.

Riot’s (NASDAQ: RIOT) imaginative and prescient is to be the world’s main Bitcoin-driven infrastructure platform. Our mission is to positively affect the sectors, networks, and communities that we contact. We imagine that the mix of an revolutionary spirit and robust neighborhood partnership permits the Firm to attain best-in-class execution and create profitable outcomes.

Riot is a Bitcoin mining and digital infrastructure firm targeted on a vertically built-in technique. The Firm has Bitcoin mining operations in central Texas and Kentucky, and electrical engineering and fabrication operations in Denver, Colorado, and Houston, Texas.

For extra data, go to www.riotplatforms.com.

Protected Harbor

Statements on this press launch that aren’t historic info are forward-looking statements that replicate administration’s present expectations, assumptions, and estimates of future efficiency and financial situations. Such statements depend on the secure harbor provisions of Part 27A of the Securities Act of 1933, as amended, and Part 21E of the Securities Trade Act of 1934, as amended. As a result of such statements are topic to dangers and uncertainties, precise outcomes could differ materially from these expressed or implied by such forward-looking statements. Phrases equivalent to “anticipates,” “believes,” “plans,” “expects,” “intends,” “will,” “potential,” “hope,” comparable expressions and their negatives are meant to establish forward-looking statements. These forward-looking statements could embrace, however aren’t restricted to, statements regarding the Firm’s improvement at its Corsicana Facility and the Firm’s plans, projections, aims, expectations, and intentions about future occasions and developments that it believes could have an effect on the Firm’s monetary situation, outcomes of operations, enterprise technique, short-term and long-term enterprise operations and aims and monetary wants. These forward-looking statements are topic to a lot of dangers and uncertainties, together with, with out limitation: dangers associated to the Firm’s development, the anticipated demand for AI/HPC makes use of, the feasibility of creating the Firm’s energy capability for AI/HPC makes use of, competitors within the markets wherein the Firm operates, market development, the Firm’s capacity to innovate and develop into new markets, the Firm’s capacity to comprehend advantages from its implementation of recent methods into its enterprise, estimates of Bitcoin manufacturing; our future hash fee development (EH/s); the anticipated advantages, development schedule, and prices related to the event of our mining amenities in Texas, Kentucky and elsewhere; our anticipated schedule of recent miner deliveries; our entry to electrical energy; the affect of climate occasions on our operations and outcomes; our capacity to efficiently deploy new miners; the variance in our mining pool rewards could negatively affect our outcomes of Bitcoin manufacturing; our megawatt capability underneath improvement; dangers associated to the Firm’s incapability to comprehend the anticipated advantages from immersion cooling; the lack to combine acquired companies efficiently, or such integration could take longer or be harder, time-consuming or pricey to perform than anticipated; or the failure of the Firm to in any other case understand anticipated efficiencies and strategic and monetary advantages from our enterprise methods. Detailed data concerning the elements recognized by the Firm’s administration which they imagine could trigger precise outcomes to vary materially from these expressed or implied by such forward-looking statements on this press launch could also be discovered within the Firm’s filings with the U.S. Securities and Trade Fee (the “SEC”), together with the dangers, uncertainties and different elements mentioned underneath the sections entitled “Danger Elements” and “Cautionary Be aware Relating to Ahead-Wanting Statements” of the Firm’s Annual Report on Kind 10-Ok for the fiscal yr ended December 31, 2023, as amended, and the opposite filings the Firm makes with the SEC, copies of which can be obtained from the SEC’s web site, www.sec.gov. All forward-looking statements included on this press launch are made solely as of the date of this press launch, and the Firm disclaims any intention or obligation to replace or revise any such forward-looking statements to replicate occasions or circumstances that subsequently happen, or of which the Firm hereafter turns into conscious, besides as required by regulation. Individuals studying this press launch are cautioned to not place undue reliance on such forward-looking statements.

Investor Contact:
Phil McPherson
303-794-2000 ext. 110
IR@Riot.Inc

Media Contact:
Alexis Brock
303-794-2000 ext. 118
PR@Riot.Inc

Riot Logo (PRNewsfoto/Riot Platforms, Inc.)

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