Wu reported that Riot Platforms (NASDAQ: RIOT) announced its Q1 2025 financial results, achieving total revenue of $161.4 million, mainly due to the rise in Bitcoin mining revenue to $142.9 million. The company mined a total of 1,530 Bitcoins during the quarter, with a unit mining cost (excluding depreciation) of $43,808, significantly higher than the $23,034 from the same period last year, primarily affected by the Block Reward Halving and the rise in overall Computing Power. As of March 31, the company holds 19,223 unrestricted Bitcoins. Additionally, the company continues to advance its data center project in Corsicana, Texas, planning to build a total of 1 GW power capacity, and is set to complete the acquisition of Rhodium's Mining Rig assets at the Rockdale site in April.
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Riot Platforms (NASDAQ: RIOT) announced its Q1 2025 financial report.
Wu reported that Riot Platforms (NASDAQ: RIOT) announced its Q1 2025 financial results, achieving total revenue of $161.4 million, mainly due to the rise in Bitcoin mining revenue to $142.9 million. The company mined a total of 1,530 Bitcoins during the quarter, with a unit mining cost (excluding depreciation) of $43,808, significantly higher than the $23,034 from the same period last year, primarily affected by the Block Reward Halving and the rise in overall Computing Power. As of March 31, the company holds 19,223 unrestricted Bitcoins. Additionally, the company continues to advance its data center project in Corsicana, Texas, planning to build a total of 1 GW power capacity, and is set to complete the acquisition of Rhodium's Mining Rig assets at the Rockdale site in April.