How to make money from cryptocurrency mining: Riot Platforms reports a profit of $161 million in December

One of the largest Bitcoin miners, Riot Platforms, demonstrated impressive results for December. The company implemented an active monetization strategy, selling 1,818 Bitcoins and earning $161.6 million at an average sale price of $88,870 per coin.

Growth in Performance Amid the Crypto Market

December figures reflect a mining volume of 460 Bitcoins — an 8% increase compared to November. Although there was an 11% decrease compared to the same period in 2024, current results show a recovery trend in the company’s operational activities amid rising cryptocurrency prices.

The key indicator — Riot’s hash rate capacity reached 38.5 EH/s, reflecting a 22% year-over-year increase. Even more impressive is the growth in operational hash rate to 34.9 EH/s, up 27% year-on-year. This indicates significant investments by the company in expanding capacity and upgrading equipment.

Cost Reduction — The Key to Profitability

Cryptocurrency mining remains profitable thanks to cost control. Riot maintains electricity costs at 3.9 cents per kilowatt-hour, allowing it to compete even amid market volatility.

A significant factor in profit growth was incentive payments for electricity, reaching $6.2 million — a stunning 301% jump compared to the same period last year. These subsidies reflect increasing regional attention to attracting mining operations and demonstrate how government support can transform the industry’s economy.

Thus, Riot Platforms clearly demonstrates how to make money in the cryptocurrency industry — through efficient cost management, technological investments, and strategic market opportunities.