Riot’s March BTC Surge Signals Post-Halving Momentum as AI Ambitions Take Shape

Riot Platforms (RIOT) delivered its strongest bitcoin production since the last halving event, signaling a resurgence in mining efficiency as the company eyes broader horizons in artificial intelligence (AI) and high-performance computing (HPC).

In March, Riot mined 533 BTC — up 13% from February and 25% higher than a year ago — bringing its total bitcoin holdings to 19,223 BTC. The milestone highlights Riot’s operational momentum as it sharpens focus on expanding its infrastructure beyond mining.

That expansion centers on Riot’s Corsicana facility, where a newly completed feasibility study by Altman Solon underscores its massive potential for AI/HPC workloads. The site boasts 1.0 GW of secured power, including 400 MW already operational, and is positioned on 265 acres near Dallas — an increasingly important hub for AI and cloud services.

The report points to the facility’s suitability for both inference and cloud AI applications, giving Riot a strategic foothold in one of tech’s fastest-growing sectors.

On the mining side, Riot maintained a deployed hash rate of 33.7 EH/s and lifted its average operating hash rate to 30.3 EH/s — a 3% monthly and 254% annual gain. Despite seasonal headwinds reducing power credits, Riot held power costs at a low 3.8 cents/kWh while improving fleet efficiency to 21.0 J/TH.

Still, investors reacted to broader market volatility, with RIOT shares slipping 5.5% Friday as the Nasdaq 100 also declined 2.8%. Riot stock is down 35% year-to-date.

With its AI infrastructure ambitions and solid mining base, Riot is positioning itself as more than just a crypto miner — it’s aiming to be a digital infrastructure powerhouse.