CandleFocus

Riot Mined 470 Bitcoin in February, Up 12% from Last Year

Crypto mining company Riot Platforms announced that it mined 470 Bitcoin worth $39.6 million in February 2025, a 12% increase from the same period last year. The company has been focused on building its Bitcoin reserves and has acquired 5,117 Bitcoins valued at $510 million in December 2024. Riot plans to publish a $500 million convertible bond to further bolster its reserves. The company faced challenges such as increased electricity bills due to cold weather and a shortened month in February, but improved operational efficiency helped mitigate the impact. Riot also made changes in its leadership and appointed new directors with expertise in Bitcoin mining and other technologies. The company's total hash rate and mining capabilities have significantly increased, indicating its commitment to expanding in the crypto mining sector. Riot is also exploring opportunities in artificial intelligence and high-performance computing.

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