Riot Publicizes February 2025 Manufacturing and Operations Updates

Riot Produces 470 Bitcoin in February 2025

CASTLE ROCK, Colo., March 4, 2025 /PRNewswire/ — Riot Platforms, Inc. (NASDAQ: RIOT) (“Riot” or “the Firm”), an business chief in vertically built-in Bitcoin (“BTC”) mining, proclaims unaudited manufacturing and operations updates for February 2025.  

Bitcoin Manufacturing and Operations Updates for February 2025

1. Unaudited, estimated.
2. As of month-end.
3. Common over the month.
4. Estimated energy curtailment credit.
5. Estimated credit obtained from participation in ERCOT and MISO demand response applications.
6. Estimated. Inclusive of all transmission and distribution costs, charges, adders, and taxes. Internet of Whole Energy Credit.

“Riot mined 470 bitcoin in February, with whole manufacturing impacted by deliberate upkeep, elevated curtailment pushed by increased energy costs on account of colder climate, and a shortened month,” stated Jason Les, CEO of Riot. “Regardless of these components which impacted whole manufacturing, ongoing enhancements in utilization and operational efficiencies throughout all our services meant that bitcoin produced per day declined just one% in February, relative to the prior month.

“Our AI/HPC course of stays our high precedence, and we now have been inspired by the sturdy demand we see available in the market. The Corsicana Facility represents a novel alternative to entry as much as 1.0 gigawatt of energy by 2026 in close to proximity to the Tier 1 information middle market of Dallas, Texas, and we’ll proceed to aggressively pursue an consequence that greatest maximizes the worth of Riot’s belongings.”

Investor Occasions

• Cantor Fitzgerald International Expertise Convention held in New York Metropolis, NY, March 11^th-12^th.
• 37^th Annual Roth Convention held in Dana Level, CA, March 17^th-18^th.

Human Assets Replace   

Riot is at present recruiting for positions throughout the Firm. Be a part of our workforce in constructing, increasing, and securing the Bitcoin community.  

Open positions can be found at: https://www.riotplatforms.com/careers.    

About Riot Platforms, Inc.   

Riot’s (NASDAQ: RIOT) imaginative and prescient is to be the world’s main Bitcoin-driven infrastructure platform. Our mission is to positively influence the sectors, networks, and communities that we contact. We consider that the mix of an modern spirit and powerful group partnership permits the Firm to attain best-in-class execution and create profitable outcomes.   

Riot is a Bitcoin mining and digital infrastructure firm centered on a vertically built-in technique. The Firm has Bitcoin mining operations in central Texas and Kentucky, and electrical engineering and fabrication operations in Denver, Colorado, and Houston, Texas.

For extra data, go to www.riotplatforms.com.

Secure Harbor   

Statements on this press launch that aren’t historic information are forward-looking statements that mirror administration’s present expectations, assumptions, and estimates of future efficiency and financial circumstances. Such statements depend on the secure harbor provisions of Part 27A of the Securities Act of 1933, as amended, and Part 21E of the Securities Alternate Act of 1934, as amended. As a result of such statements are topic to dangers and uncertainties, precise outcomes might differ materially from these expressed or implied by such forward-looking statements. Phrases akin to “anticipates,” “believes,” “plans,” “expects,” “intends,” “will,” “potential,” “hope,” comparable expressions and their negatives are supposed to determine forward-looking statements. These forward-looking statements might embrace, however usually are not restricted to, statements regarding the Firm’s improvement at its Corsicana Facility and the Firm’s plans, projections, goals, expectations, and intentions about future occasions and developments that it believes might have an effect on the Firm’s monetary situation, outcomes of operations, enterprise technique, short-term and long-term enterprise operations and goals and monetary wants. These forward-looking statements are topic to a variety of dangers and uncertainties, together with, with out limitation: dangers associated to the Firm’s development, the anticipated demand for AI/HPC makes use of, the feasibility of growing the Firm’s energy capability for AI/HPC makes use of, competitors within the markets by which the Firm operates, market development, the Firm’s capability to innovate and broaden into new markets, the Firm’s capability to appreciate advantages from its implementation of latest methods into its enterprise, estimates of Bitcoin manufacturing; our future hash price development (EH/s); the anticipated advantages, building schedule, and prices related to the event of our mining services in Texas, Kentucky and elsewhere; our anticipated schedule of latest miner deliveries; our entry to electrical energy; the influence of climate occasions on our operations and outcomes; our capability to efficiently deploy new miners; the variance in our mining pool rewards might negatively influence our outcomes of Bitcoin manufacturing; our megawatt capability beneath improvement; dangers associated to the Firm’s incapacity to appreciate the anticipated advantages from immersion cooling; the shortcoming to combine acquired companies efficiently, or such integration might take longer or be tougher, time-consuming or pricey to perform than anticipated; or the failure of the Firm to in any other case understand anticipated efficiencies and strategic and monetary advantages from our enterprise methods. Detailed data concerning the components recognized by the Firm’s administration which they consider might trigger precise outcomes to vary materially from these expressed or implied by such forward-looking statements on this press launch could also be discovered within the Firm’s filings with the U.S. Securities and Alternate Fee (the “SEC”), together with the dangers, uncertainties and different components mentioned beneath the sections entitled “Threat Components” and “Cautionary Be aware Relating to Ahead-Trying Statements” of the Firm’s Annual Report on Type 10-Ok for the fiscal yr ended December 31, 2023, as amended, and the opposite filings the Firm makes with the SEC, copies of which can be obtained from the SEC’s web site, www.sec.gov. All forward-looking statements included on this press launch are made solely as of the date of this press launch, and the Firm disclaims any intention or obligation to replace or revise any such forward-looking statements to mirror occasions or circumstances that subsequently happen, or of which the Firm hereafter turns into conscious, besides as required by legislation. Individuals studying this press launch are cautioned to not place undue reliance on such forward-looking statements.   

Investor Contact:   
Phil McPherson   
303-794-2000 ext. 110
IR@Riot.Inc   

Media Contact:   
Alexis Brock   
303-794-2000 ext. 118
PR@Riot.Inc   

View unique content material to obtain multimedia:https://www.prnewswire.com/news-releases/riot-announces-february-2025-production-and-operations-updates-302390905.html

SOURCE Riot Platforms, Inc.

Featured Picture: depositphotos @ nevarpp

Disclaimer