Riot reports 48% Y/Y rise in August bitcoin production

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Riot Platforms (NASDAQ:RIOT [https://seekingalpha.com/symbol/RIOT]) announced [https://seekingalpha.com/pr/20219470-riot-announces-august-2025-production-and-operations-updates] on Wednesday a 48% year-over-year increase but a 2% month-over-month decline in its August bitcoin production to 477.

"This production is an all-time high for Riot in the month of August," said CEO Jason Les.

Shares were +0.99% pre-market to $14.23.

The bitcoin-driven infrastructure platform said the average bitcoin produced per day stood at 15.4 for the month of August, compared to 15.6 in July and 10.4 in August 2024.

RIOT held 19,309 bitcoins as of August end.

Additionally, Riot Platforms said it sold 450 bitcoins for net proceeds of $51.8M in August.

Average net price per bitcoin sold came at $115,035. Notably, the cryptocurrency was trading at $111,419.79 before the opening bell on Wednesday.

Deployed hash rate totaled 36.4 EH/s for the month, while the average operating hash rate was 31.4 EH/s.

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