On September 24, shares of Riot Platforms (NASDAQ: RIOT) experienced a significant surge, commencing at $17.82 and quickly surpassing the $19 mark before 10:00 AM EST. This remarkable performance boosted Riot’s market capitalization to approximately $7.04 billion, edging ahead of Marathon Digital Holdings (MARA), which stands at a valuation of around $6.8 billion, thereby positioning Riot as the second most valued publicly traded bitcoin miner.
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According to the company’s recent monthly reports, Riot Platforms mined a total of 484 BTC in July 2025, marking an 8% increase from June’s output of 450 BTC. However, the company recorded a slight decrease in August, producing 477 BTC, reflecting a 2% decline month-over-month.
In addition to expanding its mining operations, Riot Platforms is making strides in high-performance computing. In July, the firm appointed Jonathan Gibbs as Chief Data Center Officer, tasked with leading the scalable development of its data centers. Riot also announced a return to profitability in its Q2 2025 earnings report.
For more details: Riot Mines 477 Bitcoin in August, Down 2% Month Over Month
At the time of this report, the shares of RIOT have surged by 13.7% compared to the previous day’s close, signaling positive investor sentiment in the public bitcoin mining sector.
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