Riot Platforms, a leading publicly traded Bitcoin mining company, reported a successful period of operations. The company sold 450 of its self-mined Bitcoin, which brought in $51.8 million in revenue. The rest of its mined Bitcoin was kept, increasing its long-term holdings.
As of August 31, Riot’s total Bitcoin treasury reached 19,309 BTC, making it one of the largest self-mined Bitcoin holders among public mining companies. This reserve is currently valued at over $2.1 billion. The company’s operational success is supported by a deployed hash rate of 36.4 exahashes per second and a low power cost of 2.6 cents per kilowatt hour, which helps maintain profitability through market fluctuations.
Riot’s strategy of selling a portion of its monthly output to cover operational costs while holding the rest for long-term growth is a common one among major miners. With its large Bitcoin treasury and powerful mining infrastructure, Riot is well-positioned to benefit from both the price cycles of Bitcoin and increasing institutional interest in the asset.
Riot Platforms recently sold 450 of the Bitcoin it mined, generating $51.8 million in revenue. The company kept the rest of its mined Bitcoin, bringing its total holdings to 19,309 BTC as of August 31. This significant reserve, valued at over $2.1 billion, establishes Riot as a top player in the public Bitcoin mining space.
From an operational standpoint, Riot achieved a deployed hash rate of 36.4 exahashes per second. The company also benefited from a low all-in power cost of 2.6 cents per kilowatt hour, which helps it remain profitable despite Bitcoin price volatility.
This hybrid business model—selling some Bitcoin to cover costs and holding the rest for future appreciation—is a key part of Riot’s strategy. By maintaining a large treasury and a strong mining operation, Riot is in a solid position to capitalize on the cryptocurrency market's future growth.
The Bitcoin mining company, Riot, sold 450 BTC to earn $51.8 million in revenue but held on to the rest, growing its long-term reserves. As of August 31, Riot’s total Bitcoin holdings were 19,309 BTC, valued at more than $2.1 billion, positioning it as one of the largest publicly traded miners with significant self-mined reserves.
The company's operational strength is evident in its deployed hash rate of 36.4 exahashes per second and a low power cost of just 2.6 cents per kilowatt hour. This cost advantage allows the company to remain profitable even when Bitcoin's price fluctuates.
Riot’s strategy is to sell a portion of its monthly Bitcoin output to cover expenses while adding the rest to its treasury. This approach, combined with its large Bitcoin holdings and powerful mining fleet, puts Riot in a strong position to benefit from Bitcoin’s price movements and growing demand from institutions.
September 2025, Cryptoniteuae