Riot’s Bitcoin Production Surges in March as Company Doubles Down on AI Expansion
Riot Platforms (RIOT) notched its strongest bitcoin (BTC) production month since the most recent halving, mining 533 BTC in March 2025 — a 13% jump from February and 25% more than the same month last year. The company’s bitcoin stash now totals 19,223 BTC.
But mining isn’t Riot’s only focus. The company is accelerating plans to expand into the booming artificial intelligence and high-performance computing (AI/HPC) space, with a newly completed feasibility study validating its Corsicana facility’s potential to support up to 600 megawatts of new capacity.
Backed by 1.0 gigawatt of secured power and 265 acres of expandable land, the site sits just outside Dallas — a prime location for tapping into the AI and cloud tech boom. The study emphasized the site’s flexibility for both inference and cloud-based workloads, making it attractive to AI and HPC clients.
On the mining side, Riot maintained a deployed hash rate of 33.7 EH/s and improved its average operating rate to 30.3 EH/s, up 3% month-over-month and 254% higher than last March. Efficiency gains continued as well, with fleet performance improving 22% year-over-year to 21.0 joules per terahash, while all-in power costs stayed low at 3.8 cents per kWh.
Despite the solid fundamentals, Riot shares slid 5.5% Friday amid a broader tech sell-off. The Nasdaq 100 lost 2.8% on the day, while RIOT is now down 35% for the year.
Still, with its eyes on AI and a strong mining base, Riot is positioning itself to be more than just a bitcoin play.
