Riot Adds 22 BTC to Treasury, Sells $51.8M Worth in August
Bitcoin miner Riot Platforms reported strong output for August, producing 477 BTC.
That figure is up 48% from the same month in 2024 but slightly below July’s 484 BTC. Daily production averaged 15.4 BTC, compared with 15.6 BTC in July.
Treasury and Sales Activity
Riot added 22 BTC to its holdings, finishing the month with 19,309 BTC in reserve. At the same time, it sold 450 BTC, generating $51.8 million in net proceeds.
The company’s deployed hashrate increased to 36.4 EH/s, with an average operating rate of 31.4 EH/s. Fleet efficiency stood at 21.0 J/TH.
Power Credits Boost Margins
Riot continues to benefit from its grid-responsive strategy in Texas and Kentucky. Power credits totaled $16.1 million in August, nearly 150% higher than a year earlier, with demand response programs adding another $0.9 million. These incentives helped keep Riot’s all-in power cost steady at 2.6 cents per kWh — 7% below July levels.
With expanded compute capacity and favorable power economics, Riot is leaning further into its dual approach of scaling hashrate while leveraging energy market participation to protect margins.
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Alexander Zdravkov is a market analyst and crypto journalist with interests in economics, broader financial markets and digital assets. His journey into crypto began more than four years ago, driven by a fascination with the rapid evolution of blockchain technology and the transformative potential of decentralized finance. He began analyzing market cycles and identifying emerging trends before they reach the mainstream. He holds a degree in International Relations - a background that helped shape his broader perspective on global economics, geopolitics, and the interconnected nature of modern financial markets. Whether covering the latest developments in the crypto sector or exploring broader macroeconomic themes, Alexander focuses on giving readers context rather than simply repeating headlines. During his career, he has authored more than 10,000 articles covering cryptocurrencies, traditional finance, and global market developments. His work spans everything from Bitcoin and altcoins to macroeconomic trends influencing risk assets worldwide.
