Riot Sees Record Bitcoin Production Since Halving, Doubles Down on AI Infrastructure

Riot Platforms Ramps Up Bitcoin Output, Accelerates AI Strategy at Corsicana

Riot Platforms (RIOT) posted its strongest bitcoin production since the most recent halving, mining 533 BTC in March—a 13% month-over-month increase and 25% higher than the same time last year. The company’s total BTC holdings rose to 19,223.

The mining uptick comes as Riot pushes deeper into artificial intelligence and high-performance computing (AI/HPC), backed by a new feasibility study confirming major growth potential at its Corsicana, Texas facility. According to consulting firm Altman Solon, the site could support up to 600 additional megawatts of AI/HPC infrastructure thanks to 1.0 gigawatt of secured power, 400 MW of which is already live, along with 265 acres of developable land near Dallas.

The site’s strategic location and design make it suitable for both inference and cloud-based AI operations, further enhancing its appeal to enterprise compute customers.

On the mining front, Riot maintained a deployed hash rate of 33.7 EH/s, while its average operating rate increased 3% to 30.3 EH/s, a 254% year-over-year jump. Despite a seasonal decline in power credits, Riot managed to keep all-in electricity costs at just 3.8 cents per kilowatt-hour and improved its fleet efficiency to 21.0 J/TH—22% better than a year ago.

Riot shares ended the week down 5.5%, mirroring broader tech weakness, with the Nasdaq 100 falling 2.8%. The stock is now down 35% in 2025.