coindoo.com
06 May 2025 01:50, UTC
Riot Platforms, Inc. has revealed its April 2025 production update, announcing that the company mined 463 $BTC during the month amid two successive difficulty adjustments on the Bitcoin network.
The update came via CEO Jason Les, who also highlighted a major operational shift for the firm.
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“April was a significant month for Riot,” said Les, “as we closed on the acquisition of all the tangible assets of Rhodium at our Rockdale Facility, including 125 MW of power capacity.”
The acquisition marks a pivotal change in Riot’s strategic direction. Alongside expanding its infrastructure, the company has fully exited the $BTC mining hosting business. Riot officially ended its hosting agreement with its final client, completing its transition to operating entirely as a self-mining enterprise.
This move also concludes all outstanding litigation between Riot and Rhodium, signaling a clean break and strategic consolidation of resources and operations.
With 463 $BTC mined in one month and enhanced operational control at its Rockdale facility, Riot seems well-positioned to continue scaling its direct mining efforts during a period of heightened institutional interest in Bitcoin.
