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Riot Platforms Mines 477 BTC in August, Up 48% Year Over Year

Riot Platforms achieved a record August with 477 BTC mined, maintaining 2.6 cents per kWh electricity costs and holding 19,309 BTC amid expanded hash rate capacity.

BTC

Summary

Riot Platforms mined 477 BTC in August 2025, marking a company record for the month and a 48% increase compared to last year. The firm reported holding 19,309 BTC at the end of August, supported by a deployed hash rate of 36.4 EH/s. Electricity costs were maintained at 2.6 cents per kWh, while Bitcoin sales generated net proceeds of $51.8 million.

Terms & Concepts
  • Bitcoin mining: The process of validating transactions and securing the Bitcoin network by solving cryptographic puzzles, earning rewards in BTC.
  • Hash rate (EH/s): A measure of mining computational power; exahashes per second reflects quintillions of hash calculations each second.
  • BTC: Ticker symbol for Bitcoin, the native asset of the Bitcoin network used to denote balances, rewards, and transactions.