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CASTLE ROCK, Colo. - Bitcoin mining company Riot Platforms, Inc. (NASDAQ:RIOT) produced 450 bitcoin in June 2025, a 12% decrease from May’s production of 514 bitcoin, according to a company press release. The company, currently valued at $4.4 billion, has shown strong momentum with a 16% return over the past week and 27% over the last year. According to InvestingPro analysis, the stock’s RSI suggests it’s in overbought territory, one of 15+ available real-time insights for subscribers.
Despite the month-over-month decline, June’s production represented a 76% increase compared to the 255 bitcoin mined in June 2024. The company produced an average of 15 bitcoin per day during the month.
Riot reported selling 397 bitcoin in June, generating net proceeds of $41.7 million at an average price of $105,071 per bitcoin. The company held 19,273 bitcoin as of June 30, including 3,300 in restricted bitcoin.
The firm maintained its deployed hash rate at 35.5 EH/s, unchanged from May, while its average operating hash rate decreased 5% to 29.8 EH/s. Both figures show significant year-over-year growth, with deployed hash rate up 62% and operating hash rate up 162% compared to June 2024.
Power management remained a key component of Riot’s operations. The company earned $5.6 million in total power credits during June, including $3.8 million in power curtailment credits and $1.8 million from participation in demand response programs. These credits helped offset power costs, resulting in an all-in power cost of 3.4 cents per kilowatt-hour.
"Riot mined 450 bitcoin in June, which also represented the start of ERCOT’s Four Coincident Peak program," said Jason Les, CEO of Riot. "Riot’s power strategy, which includes economic curtailment and voluntary participation in the 4CP and other demand response programs, significantly contribute to grid stability while enhancing Riot’s competitive positioning."
The company maintained its fleet efficiency at 21.2 joules per terahash, an 18% improvement from June 2024.
In other recent news, Riot Platforms has been in the spotlight with several key developments. The company received a price target increase from Needham, which raised its target to $15 from $12, while maintaining a Buy rating. This adjustment is attributed to the strategic advantages of Riot’s Corsicana site, a significant asset for high-performance computing workloads. Additionally, Northland analysts reiterated their Outperform rating for Riot Platforms, also maintaining a $15 price target, following the appointment of Jonathan Gibbs as Chief Data Center Officer. Gibbs, who brings extensive experience in data center development, is expected to enhance Riot’s capabilities in the digital infrastructure market.
Riot Platforms is actively pursuing the development of an AI/HPC data center, aiming to capitalize on the growing demand for hyperscaler services. The company plans to expand its operations with a pipeline of over 1.7 GW of power available near major markets. In another sector-wide development, Riot Platforms saw its stock price rise alongside other cryptocurrency-related companies following Circle Internet Group’s successful IPO. However, Riot Platforms experienced a decline in premarket trading after Moody’s downgraded the United States’ credit rating, affecting cryptocurrency-linked stocks. These recent developments highlight Riot Platforms’ strategic moves and the broader market influences affecting its stock.
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