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Reading: Sales revenues of the giant Bitcoin miner have exceeded expectations: $ 38.8 million
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EdaFace Newsfeed > Latest News > Bitcoin and BTC > Sales revenues of the giant Bitcoin miner have exceeded expectations: $ 38.8 million
Bitcoin and BTC

Sales revenues of the giant Bitcoin miner have exceeded expectations: $ 38.8 million

vitalclick
Last updated: May 6, 2025 12:42 pm
21 hours ago
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Riot Platforms announced that it produced 463 BTC production in April 2025. Compared to the amount in March, a decrease in a 13 percent decrease in production, an increase of 23 percent on an annual basis was recorded. In the same period, a net revenue of $ 38.8 million from the sale of 475 BTC points to a significant shift in financing strategies. The company is taking important steps towards diversifying its operational resources.

April production data tendency to decline and increaseAll assets at the Rockale facility strengthened the company with an official agreement

April production data tendency to decline and increase

According to the report, the average daily production in April after the difficulties in the network settings declined from 17.2 BTC level to 15.4 BTC in March. The total Hash Rate remained constant at the level of 33.7 eh/s, while the operating hash rate decreased by 3 percent. Energy efficiency increases on the basis of the year; The J/TH ratio reached 21.0. These developments reveal that performance fluctuations continue while providing improvements in crypto money mining costs.

Despite the decrease in the amount of production, the annual increase shows that the company continues to grow focused on growth. 463 BTC produced in April means 23 percent increase compared to the previous year. In addition, 38.8 million dollars of revenue from the sale of 475 BTCs allowed the operation costs to be overcome. This strengthened the cash flow while alleviating capital needs.

All assets at the Rockale facility strengthened the company with an official agreement

In April, Riot Platforms took over all material assets from Rhodium at the Rockale facility and gained additional power capacity of 125 MW. This step has officially made the decision to exit the accommodation services. The company terminated the agreement with its last customer and took the infrastructure completely under its control. Thus, it aims to centralize its operations in line with the long -term leadership target.

The increase in energy loans also drew attention. The amount of loan, which reaches $ 2.0 million with a 131 percent rise compared to March, reflects the company’s efforts for green energy and cost effectiveness. At the end of April, Riot strengthens the balance sheet with 19.211 BTC stock and keeps about 1,900 as a limited asset. He plans to evaluate new business opportunities by participating in the sector meetings in May.

Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.

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