Riot Platforms Hits Post-Halving Mining High, Eyes AI Expansion at Corsicana Site
Riot Platforms (RIOT) reported a strong March 2025 performance, combining a rebound in bitcoin (BTC) mining with major steps toward scaling its artificial intelligence (AI) and high-performance computing (HPC) operations.
The company mined 533 BTC last month, marking its highest output since the last bitcoin halving nearly a year ago. That figure represents a 13% increase from February and a 25% gain compared to the same month in 2024. Riot’s bitcoin holdings now stand at 19,223 BTC.
In parallel with its mining momentum, Riot is accelerating plans to expand its Corsicana facility into an AI/HPC hub. A new feasibility study conducted by consulting firm Altman Solon validated the site’s ability to support up to 600 megawatts of additional capacity tailored for AI and HPC workloads. The site already has 400 megawatts of operational power and a total of 1 gigawatt secured, all sitting on 265 acres with development headroom and proximity to Dallas — a growing AI and cloud infrastructure hotspot.
The study cited Corsicana’s suitability for both AI inference and cloud-based processing, boosting its attractiveness for enterprise-grade compute needs.
On the mining side, Riot’s deployed hash rate held steady at 33.7 exahash per second (EH/s), while its average operating hash rate rose 3% to 30.3 EH/s, up 254% from a year ago. Despite a seasonal drop in power credits, Riot maintained a competitive all-in power cost of just 3.8 cents per kilowatt-hour and improved its fleet efficiency to 21.0 joules per terahash — a 22% improvement year-over-year.
Riot’s shares slid 5.5% on Friday amid broader market weakness, with the Nasdaq 100 down 2.8%. The stock is down 35% year-to-date.
