EPISODE · May 6, 2025 · 54 MIN
Riot Platforms CEO Jason Les Q&A - Q1 Earnings, April Production & HPC Updates!
from Power Analysis · host Anthony Power & Bryce McNallie
Riot Platforms CEO Jason Less joins us to discuss their record-breaking Q1 2025 earnings despite Bitcoin's halving and discusses their strategic pivot toward AI data centers.• Record Q1 revenue of $161.4 million, more than doubling year-over-year despite halving• Improved operational efficiency with nearly 90% hash rate utilization• Settlement with Rhodium eliminates $15 million annual losses and recaptures 125 megawatts• Current Bitcoin mining cost of $43,808 per coin with power costs at $35,313• Immersion cooling at Corsicana showing advantages in maintenance and machine stability• Feasibility study confirms Corsicana's 1 gigawatt facility ideal for AI/HPC data centers• Enhanced site appeal through additional land acquisition, fiber routes, and water access• Engineering segment growing with ESS Metron and E4A Solutions integration• Strategic shift to selling monthly Bitcoin production to fund growth with minimal dilution• Focus on "Bitcoin yield" metric - growing Bitcoin per share by 39% in 2024Subscribe to McNally Money for more mining insights and power market analysis, and let us know in the comments if you're holding Riot shares and your outlook for 2025.Sign Up for Our Free Weekly Newsletter: https://www.powermininganalysis.com/newsletterAnthonys Info:Website:https://www.powermininganalysis.comX: https://twitter.com/cazenove_ukPatreon:https://www.patreon.com/Cazenove_UKBryce's Info:X:https://twitter.com/McnallieMPatreon:https://www.patreon.com/McNallieMoneyMerch:https://shop.mcnalliemoney.com/Website:https://www.mcnalliemoney.comBusiness Inquiries:Email - [email protected]
What this episode covers
Riot Platforms CEO Jason Less joins us to discuss their record-breaking Q1 2025 earnings despite Bitcoin's halving and discusses their strategic pivot toward AI data centers. • Record Q1 revenue of $161.4 million, more than doubling year-over-year despite halving • Improved operational efficiency with nearly 90% hash rate utilization • Settlement with Rhodium eliminates $15 million annual losses and recaptures 125 megawatts • Current Bitcoin mining cost of $43,808 per coin with power costs a...
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Riot Platforms CEO Jason Les Q&A - Q1 Earnings, April Production & HPC Updates!
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