TL;DR
- Riot produced 450 BTC in June, up 76% from 2024, though down 12% compared to May; it sold $41.7 million and holds 19,273 BTC on its balance sheet.
- The miner resumed operations in April after a January pause, when it redirected part of its power capacity to AI and high-performance computing projects.
- The company leveraged ERCOT’s 4CP program to cut consumption during demand peaks, earn energy credits, and strengthen its competitive position in Texas.
Riot Platforms closed June with a production of 450 Bitcoin, valued at $49.3 million at market prices. This figure marks a 76% increase compared to the 255 BTC mined in the same month of 2024. However, it reflects a 12% decline versus May, when the company had reached 514 mined units. The miner currently holds a total of 19,273 BTC on its balance sheet and sold $41.7 million worth of Bitcoin in June.
This was Riot’s third consecutive month of mining activity since restarting operations in April, after a pause that began in January. During that break, the company diverted part of the power capacity at its Corsicana, Texas facility toward artificial intelligence and high-performance computing projects. The move aimed to diversify its revenue sources in response to growing competition in the mining sector.
Riot Took Part in the Four Coincident Peak (4CP) Program
Alongside its mining operations, Riot earned additional benefits through its participation in the Four Coincident Peak (4CP) program run by Texas grid operator ERCOT. The program allows companies to reduce their electricity consumption during periods of peak demand in the summer months, generating energy credits that can serve as an extra revenue source. According to CEO Jason Les, this energy management strategy enables the company to reinforce its competitive position while contributing to the stability of the local power grid.
Riot currently ranks among the top three Bitcoin miners in the United States, alongside Core Scientific and Marathon Digital Holdings. Its shares were trading at $12.20 on Nasdaq at the close of the latest report, with a market capitalization of $4.36 billion. Meanwhile, Bitcoin (BTC) trades at around $109,400, with daily trading volume surpassing $40.5 billion.
The combination of steady production, scheduled sales, and participation in high-demand energy programs has allowed Riot to stay competitive in an increasingly demanding market.
