Oil prices rebound sharply on smaller-than-feared OPEC+ output hike
CASTLE ROCK, Colorado - Bitcoin mining company Riot Platforms, Inc. (NASDAQ:RIOT), currently valued at $7.12 billion and 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.
The company reported selling 465 bitcoin during 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. According to InvestingPro data, the company’s revenue is expected to grow 77% this fiscal year, though it remains unprofitable with a -$0.30 earnings per share over the last twelve months.
Riot’s deployed hash rate reached 36.5 EH/s at the end of September, virtually unchanged from August but up 29% year-over-year. The company’s average operating hash rate for the month was 32.2 EH/s, a 3% increase from August and 65% higher than September 2024.
Power-related costs increased significantly in September, with all-in power costs rising to 4.2 cents per kilowatt-hour, up 63% from August’s 2.6 cents. Total power credits fell 91% to $1.4 million from $16.1 million in August, with power curtailment credits dropping 95% to $0.7 million.
Fleet efficiency improved slightly to 20.5 J/TH in September from 21.0 J/TH in August, representing a 2% month-over-month improvement and a 12% enhancement from the previous year.
Riot Platforms describes itself as a vertically integrated Bitcoin mining company with operations in Texas and Kentucky, as well as electrical engineering and fabrication operations in Colorado and Texas. With a beta of 4.63, the stock shows significant volatility. Discover more insights and 18 additional ProTips for RIOT on InvestingPro, including detailed analysis of the company’s financial health and growth prospects.
In other recent news, Riot Platforms reported significant financial results for the second quarter, with a net income of $219.5 million and adjusted EBITDA of $495.3 million. The company’s total revenue reached $153.0 million, more than doubling from $70.0 million in the same period last year, largely due to an $85.1 million increase in Bitcoin mining revenue. Riot Platforms also achieved an all-time high in August by producing 477 bitcoin, marking a 48% increase compared to the same month last year. This production figure, however, was slightly lower than July’s output of 484 bitcoin.
JPMorgan upgraded Riot Platforms’ stock rating from Neutral to Overweight, citing the company’s scale in bitcoin mining and favorable power contracts as key reasons for the upgrade. In contrast, Cantor Fitzgerald lowered its price target for Riot Platforms to $24.00 from $25.00, despite maintaining an Overweight rating, following Riot’s July production report. The report highlighted significant participation in demand response programs, generating $13.9 million in power credits for July. Additionally, Riot Platforms’ stock experienced a decline alongside other bitcoin-linked stocks as cryptocurrency prices retreated recently.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.