Riot Platforms Reports April 2025 Bitcoin Production Decline

By: bitcoin ethereum news|2025/05/06 17:30:01
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Rebeca Moen May 05, 2025 21:05 Riot Platforms announced a 13% decrease in Bitcoin production for April 2025, producing 463 BTC. The company also completed the acquisition of Rhodium’s assets at its Rockdale Facility. Riot Platforms, Inc. (NASDAQ: RIOT) reported a 13% decline in Bitcoin (BTC) production for April 2025, with a total of 463 BTC mined, compared to March’s 533 BTC. Despite the decrease, the production represents a 23% increase from April 2024, according to Riot Platforms. Operational Highlights In April, Riot’s average daily Bitcoin production was 15.4 BTC, down from 17.2 BTC in the previous month. The company held 19,211 BTC by the end of April, which includes 1,900 restricted bitcoins. The deployed hash rate remained stable at 33.7 EH/s, while the average operating hash rate was slightly lower at 29.3 EH/s. Riot’s CEO, Jason Les, highlighted the significant events in April, noting the acquisition of tangible assets from Rhodium at the Rockdale Facility, which includes 125 MW of power capacity. This acquisition ends the company’s involvement in the Bitcoin mining hosting business. Financial Strategy and Market Position In a strategic move, Riot sold its entire monthly Bitcoin production, generating net proceeds of $38.8 million. The average net price per Bitcoin sold was $81,731. This decision supports Riot’s growth and operational funding while reducing the need for equity fundraising and potential stock dilution. Les emphasized Riot’s commitment to evaluating the best funding sources while prioritizing a strong balance sheet. The company remains focused on its long-term Bitcoin treasury strategy, reflecting confidence in Bitcoin’s future potential. Power and Efficiency Metrics Riot reported total power credits of $2.0 million, a significant increase from $0.9 million in March. The all-in power cost was slightly reduced to 3.7 cents per kWh. The company’s fleet efficiency stood at 21.0 J/TH, showing a 22% improvement from the previous year. Future Developments Riot Platforms is actively recruiting for various positions to support its expanding operations. The company aims to enhance its infrastructure and secure the Bitcoin network further. Riot will participate in several investor events, including the Texas Energy and Mining Summit and the Bitcoin 2025 conference in Las Vegas, to engage with industry stakeholders and investors. Image source: Shutterstock Source: https://blockchain.news/news/riot-platforms-reports-april-2025-bitcoin-production-decline

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WEEX P2P update: Country/region restrictions for ad posting

To improve ad security and matching accuracy, WEEX P2P now allows advertisers to restrict who can trade with their ads based on country or region. Advertisers can select preferred counterparty locations for a safer, smoother trading experience.

 

I. Overview

When publishing P2P ads, advertisers can now set the following:

Allow only counterparties from selected countries or regions to trade with your ads.

With this feature, you can:

Target specific user groups more precisely.Reduce cross-region trading risks.Improve order matching quality.

 

II. Applicable scenarios

The following are some common scenarios:

Restrict payment methods: Limit orders to users in your country using supported local banks or wallets.Risk control: Avoid trading with users from high-risk regions.Operational strategy: Tailor ads to specific markets.

 

III. How to get started

On the ad posting page, find "Trading requirements":

Select "Trade with users from selected countries or regions only".Then select the countries or regions to add to the allowlist.Use the search box to quickly find a country or region.Once your settings are complete, submit the ad to apply the restrictions.

 

When an advertiser enables the "Country/Region Restriction" feature, users who do not meet the criteria will be blocked when placing an order and will see the following prompt:

If you encounter this issue when placing an order as a regular user, try the following solutions.

Choose another ad: Select ads that do not restrict your country/region, or ads that allow users from your location.Show local ads only: Prioritize ads available in the same country as your identity verification.

 

IV. Benefits

Compared with ads without country/region restrictions, this feature provides the following improvements.

Aspect

Improvement

Trading security

Reduces abnormal orders and fraud risk

Conversion efficiency

Matches ads with more relevant users

Order completion rate

Reduces failures caused by incompatible payment methods

V. FAQ

Q1: Why are some users not able to place orders on my ad?
A1: Their country or region may not be included in your allowlist.

 

Q2: Can I select multiple countries or regions when setting the restriction?
A2: Yes, multiple selections are supported.

 

Q3: Can I edit my published ads?
A3: Yes. You can edit your ad in the "My Ads" list. Changes will take effect immediately after saving.

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