Riot Platforms (NASDAQ: RIOT) announced today that it produced 484 Bitcoin in July 2025, marking an 8% increase from June’s 450 coins and a 31% gain year-over-year compared to July 2024. Average daily production rose to 15.6 BTC, up 4% month-over-month and 31% year-over-year, reflecting the company’s operational resilience even during seasonal constraints.
Riot participates in ERCOT’s Four Coincident Peaks program in Texas and MISO’s demand response programs in Kentucky, so when heatwaves stress the grid’s electricity supply in summer months, Riot’s hashrate utilization declines depending on how much it curtails power draw. Despite the usual seasonal curtailment, Riot increased its bitcoin production in July and achieved a self-reported direct power cost of $28/MWh (–37% MoM) after netting $13.9 million in total power credits, up 160% from June.
As of July 31, Riot held 19,287 bitcoin in its treasury (+0.1% MoM) and sold 475 Bitcoin for net proceeds of $54.8 million at an average realized price of $115,411 per coin. The company’s deployed hashrate remained steady at 35.5 EH/s, while average operating hashrate inched up 1% to 30.2 EH/s as a result of uptime improvements across its Rockdale, Corsicana, and Kentucky sites.
Riot also said that it made progress on its AI/HPC expansion last month. The company closed on an additional 238-acre parcel adjacent to its Corsicana, Texas facility, expanding its landholding to 858 acres.
Read More: Riot Q2 2025 earnings call highlights
At time of publication, RIOT is down 0.5% from yesterday’s close.
