Riot (NASDAQ: RIOT) mined 428 bitcoin in November 2025, representing a 14% decrease compared to production levels during the same month last year.
The Colorado-based digital infrastructure company reported that production dropped 2% from the 437 bitcoin produced in October 2025. The company averaged a daily production rate of 14.3 bitcoin in November, down from 16.5 bitcoin per day in November 2024.
Riot Platforms also earned $37 million from the sale of 383 bitcoin in November.
This figure represents a 20% decline from the $46.0 million generated in October 2025. The average net price per bitcoin sold during the period was $96,560, a 16% decrease from the average price of $114,970 realized in the prior month.
The company increased its total bitcoin holdings to 19,368 as of November 30.
This total includes 3,977 in restricted bitcoin. Riot’s current holdings represent a 70% increase compared to the 11,425 bitcoin held at the same time in 2024.
Riot maintained a deployed hash rate of 36.6 exahash per second (EH/s) as of the end of November.
This capacity remains unchanged from October levels but marks a 19% increase from the 30.8 EH/s deployed in November 2024. The average operating hash rate for the month was 34.6 EH/s, up 4% from October and 34% higher than the 25.8 EH/s recorded in the prior year period.
Riot Platforms reported a fleet efficiency of 20.5 joules per terahash (J/TH) for November. This efficiency metric was unchanged from October 2025 levels and reflects an 8% improvement from the 22.3 J/TH efficiency recorded in November 2024.
The company generated $2.3 million in total power credits during the month, a 6% increase from October and a 76% increase from the $1.3 million recorded in November 2024.
This total includes $1.0 million in power credits estimated from power curtailment and $1.3 million in demand response credits derived from participation in ERCOT and MISO programs, up 22% month-over-month and 191% year-over-year.
Riot reported an all-in power cost for the month of $0.04/kWh.
This cost includes all transmission and distribution charges, fees, adders, and taxes, net of total power credits. The rate is consistent with Riot’s reported cost in October 2025 and represents a 3% increase from the $0.038/kWh reported in November 2024.
Regulatory filings from November 5 indicate that Fidelity Investments held an 8% stake in Riot Platforms as of September 30, 2025. Fidelity held shares in the company prior to the September filing date in quantities below the 5% reporting threshold.
At the time of publication, shares of Riot have declined 20% over the last month.
