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CASTLE ROCK, Colo. - Bitcoin mining company Riot Platforms, Inc. (NASDAQ:RIOT), whose stock has surged 164% over the past six months and is currently trading near its 52-week high of $20.13, produced 445 bitcoin in September 2025, representing a 7% decrease from August but an 8% increase compared to the same month last year, according to a company press release statement. According to InvestingPro data, the company has shown remarkable market performance despite its volatile nature, with a beta of 4.63.
The company reported selling 465 bitcoin in September, generating net proceeds of $52.6 million at an average price of $113,043 per bitcoin. As of month-end, Riot held 19,287 bitcoin, including 3,300 in restricted bitcoin, marking an 85% increase from its holdings in September 2024. With a market capitalization of $7.12 billion and projected revenue growth of 77% for fiscal year 2025, Riot continues to expand its operations despite not being profitable in the last twelve months.
Riot’s deployed hash rate reached 36.5 EH/s at the end of September, virtually unchanged from August but 29% higher than the same period last year. The company’s average operating hash rate for the month was 32.2 EH/s, representing a 3% increase from August and a 65% jump year-over-year.
Total power credits decreased significantly to $1.4 million in September, down 91% from $16.1 million in August. This reduction was primarily due to power curtailment credits falling from $15.2 million to $0.7 million. Demand response credits also decreased by 26% to $0.7 million compared to the previous month.
The company’s all-in power cost rose to 4.2 cents per kilowatt-hour, a 63% increase from August’s 2.6 cents per kilowatt-hour. Meanwhile, fleet efficiency improved slightly to 20.5 J/TH, a 2% improvement from August and a 12% improvement year-over-year.
Riot Platforms operates bitcoin mining facilities in Texas and Kentucky, with additional electrical engineering and fabrication operations in Colorado and Texas. For investors seeking deeper insights into Riot’s financial health and growth prospects, InvestingPro offers an extensive analysis with 18 additional ProTips and a comprehensive Pro Research Report, available as part of its coverage of over 1,400 US stocks.
In other recent news, Riot Platforms reported producing 445 Bitcoin in September 2025, a 7% decrease from the previous month but an 8% increase compared to September of last year. The company sold 465 Bitcoin in September, generating $52.6 million at an average price of $113,043 per Bitcoin. As of the end of September, Riot held 19,287 Bitcoin, including 3,300 in restricted Bitcoin. JPMorgan upgraded Riot Platforms’ stock rating from Neutral to Overweight, citing the company’s installed scale and path to hashrate expansion as key factors. In August, Riot Platforms produced 477 Bitcoin, marking a 48% increase from the previous year, although slightly lower than July’s output. Cantor Fitzgerald lowered its price target for Riot Platforms to $24.00 from $25.00 but maintained an Overweight rating, noting improvements in production despite participating in demand response programs. Bitcoin-linked stocks, including Riot Platforms, experienced a decline as cryptocurrency prices retreated.
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