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CASTLE ROCK, Colo. - Bitcoin mining company Riot Platforms, Inc. (NASDAQ:RIOT) produced 437 bitcoin in October 2025, representing a 2% decrease from September and a 14% decline compared to the same month last year, according to a company press release. The company, currently valued at $7.7 billion, has seen its stock price surge over 130% in the past year despite production fluctuations.
The company reported an average daily production of 14.1 bitcoin during the month, down from 14.8 in September and 16.3 in October 2024. Riot sold 400 bitcoin in October, generating net proceeds of $46.0 million at an average price of $114,970 per bitcoin. InvestingPro data shows Riot trading at a P/E ratio of 42.7, reflecting the market’s high growth expectations despite analysts forecasting a net income drop this year.
As of October 31, Riot held 19,324 bitcoin, including 3,300 in restricted bitcoin, maintaining a similar level to the previous month but showing a 77% increase from October 2024. According to InvestingPro analysis, the company appears slightly undervalued based on Fair Value calculations, with analyst price targets suggesting up to 30% potential upside from current levels.
The company’s deployed hash rate reached 36.6 EH/s at month-end, representing a 25% increase year-over-year, while its average operating hash rate for the month was 33.2 EH/s, up 3% from September and 46% from the previous year.
Riot reported $2.1 million in total power credits for October, a 55% increase from September and 93% higher than the same month last year. These credits included $1.1 million in power curtailment credits and $1.0 million from participation in demand response programs.
The company’s all-in power cost was 4.0 cents per kilowatt-hour, down 6% from September but up 3% year-over-year. Fleet efficiency remained stable at 20.5 J/TH compared to September, showing an 11% improvement from October 2024.
Riot describes itself as a Bitcoin-driven industry leader in the development of large-scale data centers and bitcoin mining applications, with operations in Texas and Kentucky and engineering capabilities in Denver and Houston. Investors seeking deeper insights into Riot’s volatile stock performance (with a beta of 3.83) can access comprehensive Pro Research Reports and 15+ additional ProTips through InvestingPro, which offers detailed analysis on over 1,400 US equities.
In other recent news, Riot Platforms reported third-quarter earnings that exceeded expectations. The company achieved revenues of $180.2 million, surpassing the forecast of $169.24 million. Earnings per share also surprised analysts positively, coming in at $0.26 compared to the anticipated loss of $0.16. Needham responded to these results by raising its price target for Riot Platforms to $28 from $19, while maintaining a Buy rating. The analyst firm noted that the adjusted EBITDA of $64 million exceeded their estimate of $57 million. Revenues were bolstered by better-than-expected engineering contributions, with the company posting $180 million in revenues, slightly above Needham’s projection of $176 million. Despite the positive earnings report, the stock experienced a decline in regular and aftermarket trading.
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