Riot Platforms (RIOT) announced unaudited production and operations updates for January 2025. Bitcoins mined were 527, a 2% increase from 516 in December 2024. Average Bitcoins produced per day were 17.0, up 2% from 16.6% in December 2024. Riot has launched a formal process to evaluate the feasibility of developing the approximately 600 MWof remaining power capacity at the company’s Corsicana Facility for AI/HPC uses. In connection with its evaluation of AI/HPC opportunities, Riot is halting the development of its previously announced 600 MW Phase II Bitcoin mining expansion at the Corsicana Facility, although the company will continue developing the substation to support additional power capacity. As a result, Riot is reducing its previously announced total self-mining hash rate capacity growth and associated capital expenditures for 2025. Previously, the company expected to end 2025 with a total hash rate capacity of 46.7 EH/s, but in connection with this halt of the expansion of Bitcoin mining operations at the Corsicana Facility, Riot now expects to end the year at 38.4 EH/s.
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