Riot Platforms reported September 2025 bitcoin production and operational metrics, showing mixed results compared to previous months.
Quiver AI Summary
Riot Platforms, Inc. has released its unaudited production and operational metrics for September 2025, highlighting a decrease in Bitcoin production by 7% month-over-month but an 8% increase year-over-year. In September, the company produced 445 Bitcoins and maintained an inventory of 19,287 Bitcoins. Sales of 465 Bitcoins netted $52.6 million, reflecting a slight decrease in average net price. The company's deployed hash rate remained flat at 36.5 EH/s, with a year-over-year increase of 29%. However, power credits saw a significant drop of 95% compared to the previous month, while the total power cost increased by 63%. Riot is actively recruiting as it aims to expand its Bitcoin mining and infrastructure capacity in Texas and Kentucky.
Potential Positives
- Riot produced 445 Bitcoin in September 2025, marking an 8% year-over-year increase compared to September 2024.
- The company held 19,287 Bitcoin, maintaining a strong position in its cryptocurrency reserves.
- Riot reported net proceeds from Bitcoin sales of $52.6 million, showing effective monetization of its production.
Potential Negatives
- Bitcoin production decreased by 7% compared to the previous month, which could indicate operational challenges or declining efficiency.
- Total power credits saw a drastic decrease of 91% month-over-month, raising concerns about the company's energy management and cost efficiency.
- All-in power cost increased by 63% compared to the previous month, which could negatively impact profit margins moving forward.
FAQ
What are Riot Platforms' Bitcoin production figures for September 2025?
Riot produced 445 Bitcoins in September 2025, a 7% decrease from August 2025 and an 8% increase year-over-year.
How many Bitcoins does Riot hold as of September 2025?
As of September 2025, Riot holds 19,287 Bitcoins, which is a slight decrease from the previous month.
What are Riot's net proceeds from Bitcoin sales in September 2025?
Riot reported net proceeds of $52.6 million from Bitcoin sales in September 2025, a decrease of 2% from August 2025.
What was Riot's average operating hash rate in September 2025?
The average operating hash rate for Riot in September 2025 was 32.2 EH/s, a 3% increase from August 2025.
How is Riot Platforms addressing power costs in their operations?
Riot's all-in power cost was 4.2 cents per kWh in September 2025, reflecting a 63% increase from the previous month.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$RIOT Insider Trading Activity
$RIOT insiders have traded $RIOT stock on the open market 5 times in the past 6 months. Of those trades, 0 have been purchases and 5 have been sales.
Here’s a breakdown of recent trading of $RIOT stock by insiders over the last 6 months:
- WILLIAM RICHARD JACKMAN (EVP, GENERAL COUNSEL) sold 248,168 shares for an estimated $3,916,091
- JASON LES (CEO) has made 0 purchases and 3 sales selling 136,052 shares for an estimated $2,233,970.
- RYAN D. WERNER (SVP, CAO) sold 3,747 shares for an estimated $44,514
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$RIOT Hedge Fund Activity
We have seen 204 institutional investors add shares of $RIOT stock to their portfolio, and 134 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- GOLDMAN SACHS GROUP INC removed 11,814,696 shares (-83.3%) from their portfolio in Q2 2025, for an estimated $133,506,064
- STARBOARD VALUE LP removed 8,023,100 shares (-63.2%) from their portfolio in Q2 2025, for an estimated $90,661,030
- MORGAN STANLEY removed 3,566,730 shares (-54.1%) from their portfolio in Q2 2025, for an estimated $40,304,049
- ALYESKA INVESTMENT GROUP, L.P. removed 3,251,600 shares (-89.2%) from their portfolio in Q2 2025, for an estimated $36,743,080
- RENAISSANCE TECHNOLOGIES LLC added 3,201,149 shares (+inf%) to their portfolio in Q2 2025, for an estimated $36,172,983
- VANGUARD GROUP INC added 3,185,880 shares (+8.8%) to their portfolio in Q2 2025, for an estimated $36,000,444
- TWO SIGMA INVESTMENTS, LP added 3,087,253 shares (+inf%) to their portfolio in Q2 2025, for an estimated $34,885,958
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$RIOT Analyst Ratings
Wall Street analysts have issued reports on $RIOT in the last several months. We have seen 8 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- Northland Capital Markets issued a "Outperform" rating on 10/02/2025
- JP Morgan issued a "Overweight" rating on 09/26/2025
- Citigroup issued a "Buy" rating on 09/26/2025
- Roth Capital issued a "Buy" rating on 09/25/2025
- Arete Research issued a "Buy" rating on 09/24/2025
- Cantor Fitzgerald issued a "Overweight" rating on 08/06/2025
- Piper Sandler issued a "Overweight" rating on 07/21/2025
To track analyst ratings and price targets for $RIOT, check out Quiver Quantitative's $RIOT forecast page.
$RIOT Price Targets
Multiple analysts have issued price targets for $RIOT recently. We have seen 9 analysts offer price targets for $RIOT in the last 6 months, with a median target of $24.0.
Here are some recent targets:
- Mike Grondahl from Northland Capital Markets set a target price of $24.5 on 10/02/2025
- Paul Golding from Macquarie set a target price of $22.0 on 09/29/2025
- Reginald Smith from JP Morgan set a target price of $19.0 on 09/26/2025
- Peter Christiansen from Citigroup set a target price of $24.0 on 09/26/2025
- Darren Aftahi from Roth Capital set a target price of $42.0 on 09/25/2025
- An analyst from Arete Research set a target price of $26.0 on 09/24/2025
- Brett Knoblauch from Cantor Fitzgerald set a target price of $24.0 on 08/06/2025
Full Release
CASTLE ROCK, Colo., Oct. 03, 2025 (GLOBE NEWSWIRE) -- Riot Platforms, Inc. (NASDAQ: RIOT) (“Riot” or “the Company”), a Bitcoin-driven industry leader in the development of large-scale data centers and bitcoin mining applications, announces unaudited production and operations updates for September 2025.
Bitcoin Production and Operations Updates for September 2025
Comparison (%) | ||||||||||
Metric | September 2025 1 | August 2025 1 | September 2024 1 | Month/Month | Year/Year | |||||
Bitcoin Produced | 445 | 477 | 412 | -7% | 8 % | |||||
Average Bitcoin Produced per Day | 14.8 | 15.4 | 13.7 | -4% | 8 % | |||||
Bitcoin Held 2 | 19,287 3 | 19,309 3 | 10,427 | -0% | 85 % | |||||
Bitcoin Sold | 465 | 450 | - | 3 % | N/A | |||||
Bitcoin Sales - Net Proceeds | $52.6 million | $51.8 million | - | 2 % | N/A | |||||
Average Net Price per Bitcoin Sold | $ 113,043 | $ 115,035 | N/A | -2% | N/A | |||||
Deployed Hash Rate - Total 2 | 36.5 EH/s | 36.4 EH/s | 28.2 EH/s | 0 % | 29 % | |||||
Avg. Operating Hash Rate - Total 4 | 32.2 EH/s | 31.4 EH/s | 19.5 EH/s | 3 % | 65 % | |||||
Power Credits 5 | $0.7 million | $15.2 million | $1.7 million | -95% | -58% | |||||
Demand Response Credits 6 | $0.7 million | $0.9 million | $0.4 million | -26% | 82 % | |||||
Total Power Credits | $1.4 million | $16.1 million | $2.1 million | -91% | -34% | |||||
All-in Power Cost - Total 7 | 4.2c/kWh | 2.6c/kWh | 3.5c/kWh | 63 % | 19 % | |||||
Fleet Efficiency 2 | 20.5 J/TH | 21.0 J/TH | 23.2 J/TH | -2% | -12% |
- Unaudited, estimated.
- As of month-end.
- Includes 3,300 in restricted bitcoin.
- Average over the month.
- Estimated power curtailment credits.
- Estimated credits received from participation in ERCOT and MISO demand response programs.
-
Estimated. Inclusive of all transmission and distribution charges, fees, adders, and taxes. Net of Total Power Credits.
Investor Events
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North American Blockchain Summit held in Dallas, TX, October 9
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Human Resources Update
Riot is currently recruiting for positions across the Company. Join our team in building, expanding, and securing the Bitcoin network.
Open positions are available at: https://www.riotplatforms.com/careers .
About Riot Platforms, Inc.
Riot’s (NASDAQ: RIOT) vision is to be the world’s leading Bitcoin-driven infrastructure platform. Our mission is to positively impact the sectors, networks, and communities that we touch. We believe that the combination of an innovative spirit and strong community partnership allows the Company to achieve best-in-class execution and create successful outcomes.
Riot is a vertically integrated Bitcoin mining company principally engaged in enhancing its power infrastructure to support efficient and large-scale Bitcoin mining operations in support of the Bitcoin blockchain. The Company is also in the process of developing a scalable data center platform designed to allocate power capacity toward supporting high performance compute workloads. The Company has Bitcoin mining operations in central Texas and Kentucky, and electrical engineering and fabrication operations in Denver, Colorado, and Houston, Texas.
For more information, visit www.riotplatforms.com .
Safe Harbor
Statements in this press release that are not historical facts are forward-looking statements that reflect management’s current expectations, assumptions, and estimates of future performance and economic conditions. Such statements rely on the safe harbor provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Because such statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Words such as “anticipates,” “believes,” “plans,” “expects,” “intends,” “will,” “potential,” “hope,” similar expressions and their negatives are intended to identify forward-looking statements. These forward-looking statements may include, but are not limited to, statements relating to the Company’s development at its Corsicana Facility and the Company’s plans, projections, objectives, expectations, and intentions about future events and trends that it believes may affect the Company’s financial condition, results of operations, business strategy, short-term and long-term business operations and objectives and financial needs. These forward-looking statements are subject to a number of risks and uncertainties, including, without limitation: risks related to the Company’s growth, the anticipated demand for high performance compute uses, the feasibility of developing the Company’s power capacity for high performance compute uses, competition in the markets in which the Company operates, market growth, the Company’s ability to innovate and expand into new markets, the Company’s ability to realize benefits from its implementation of new strategies into its business, estimates of Bitcoin production; our future hash rate growth (EH/s); the anticipated benefits, construction schedule, and costs associated with the development of our mining facilities in Texas, Kentucky and elsewhere; our expected schedule of new miner deliveries; our access to electrical power; the impact of weather events on our operations and results; our ability to successfully deploy new miners; the variance in our mining pool rewards may negatively impact our results of Bitcoin production; our megawatt capacity under development; risks related to the Company’s inability to realize the anticipated benefits from immersion cooling; the inability to integrate acquired businesses successfully, or such integration may take longer or be more difficult, time-consuming or costly to accomplish than anticipated; or the failure of the Company to otherwise realize anticipated efficiencies and strategic and financial benefits from our business strategies. Detailed information regarding the factors identified by the Company’s management which they believe may cause actual results to differ materially from those expressed or implied by such forward-looking statements in this press release may be found in the Company’s filings with the U.S. Securities and Exchange Commission (the “SEC”), including the risks, uncertainties and other factors discussed under the sections entitled “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” of the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2024, and the other filings the Company makes with the SEC, copies of which may be obtained from the SEC’s website, www.sec.gov . All forward-looking statements included in this press release are made only as of the date of this press release, and the Company disclaims any intention or obligation to update or revise any such forward-looking statements to reflect events or circumstances that subsequently occur, or of which the Company hereafter becomes aware, except as required by law. Persons reading this press release are cautioned not to place undue reliance on such forward-looking statements.
Investor Contacts:
Phil McPherson / Joshua Kane
303-794-2000 ext. 110
[email protected]
Media Contact:
Alexis Brock
303-794-2000 ext. 118
[email protected]