Riot Platforms completed the sale of 475 Bitcoins in April 2025, marking a shift from its long-standing Bitcoin holding strategy.
Sale of Bitcoins
Riot Platforms sold 475 Bitcoins in April 2025, which represents a significant departure from its long-term strategy of holding 100% of its Bitcoins. This sale included all 463 Bitcoins mined during the month and 12 Bitcoins from reserves, generating the company approximately $38.8 million at an average price of $81,731 per coin.
Production Metrics
In April 2025, Riot produced 463 Bitcoins, which is a 13% decrease from March due to two consecutive increases in Bitcoin network difficulty. However, production was still up 23% year-over-year. The company's deployed hash rate remained flat at 33.7 EH/s, while the average operating hash rate declined slightly to 29.3 EH/s.
Acquisition of Rhodium
April also marked a significant time for Riot as it finalized the acquisition of Rhodium's assets at its Rockdale facility, ending its final hosting agreement and fully transitioning to a self-mining business model. Despite the Bitcoin sale, Riot's bitcoin holdings remained stable at over 19,200 BTC.
The sale of Bitcoins by Riot Platforms is part of the company’s new strategy to optimize its budget and maintain confidence in Bitcoin's long-term value.
