Riot Platforms sells $290 million worth of bitcoin during Q1
Riot Platforms sold $289.5 million in Bitcoin during Q1 2026, following a trend among miners to raise capital.Summary
Riot Platforms (RIOT) reported selling 3,778 BTC for $289.5 million during the first quarter of 2026, at an average price of $76,626 per bitcoin. As of the end of Q1, the company held 15,680 BTC, valued at $1.1 billion, including 5,802 BTC pledged as collateral. This sale aligns with similar moves by other bitcoin mining companies like MARA and Core Scientific, who have also been selling their holdings to fund shifts towards AI infrastructure. While Riot is also expanding into AI, the company did not specify the reason for the bitcoin sale. Despite a 4% decrease in bitcoin production to 1,473 BTC compared to Q1 2025, Riot’s operational capacity increased, with a deployed hashrate of 42.5 EH/s and an average operating hashrate of 36.4 EH/s. Riot reported record annual revenue in 2025, reaching $647.4 million.
(Source：The Block)