Key Takeaways
- Riot mined 527 bitcoin in January, a 2% increase from December.
- The company revised its year-end hashrate target to 38.4 EH/s.
- Riot is evaluating AI and HPC opportunities at its Corsicana site.
Riot Platforms reported mining 527 bitcoin in January, marking a slight increase from December’s production of 516 bitcoin.
The company’s deployed hashrate grew to 33.5 EH/s, a 6% increase from the previous month.
Bitcoin holdings & efficiency
The company also increased its bitcoin holdings to 18,221, representing a 3% rise from December.
Riot continues to focus on improving efficiency, reducing its fleet’s energy consumption from 21.9 joules per terahash (J/Th) in December to 21.1 J/Th in January.
Corsicana facility updates
Riot revised its 2025 year-end hashrate projection from 46.7 EH/s to 38.4 EH/s after pausing expansion at its Corsicana Facility.
The company is now evaluating using the remaining 600 megawatts (MW) of power capacity at Corsicana for artificial intelligence (AI) and high-performance computing (HPC) instead of Bitcoin mining.
Strategic partnerships
The company has engaged Altman Solon, a consulting firm, to assess the feasibility of repurposing the site for AI and HPC applications.
Future plans & outlook
Riot remains focused on scaling its mining operations while optimizing costs.
In January, the company received $3.6 million in power credits, contributing to its cost efficiency.
