"Riot Platforms sold 3,778 bitcoin in the first quarter of 2026, generating $289.5 million and marking a shift in strategy as the miner redirects capital toward infrastructure and high-performance computing."
"The volume sold exceeded the company's quarterly production of 1,473 BTC by roughly 2.6 times, signaling a drawdown of treasury holdings rather than routine profit-taking."
"Riot reduced its all-in power cost to 3.0 cents per kilowatt hour, a 21% decline from the prior year, while increasing deployed hash rate by 26% to 42.5 exahashes per second."
"The company also generated $21 million in power credits during the quarter, more than double the year-ago period, through participation in grid services and energy programs."
Riot Platforms sold 3,778 bitcoin in the first quarter of 2026, generating $289.5 million. This sale exceeded quarterly production by 2.6 times, indicating a drawdown of treasury holdings. The company ended the quarter with 15,680 BTC, down 18% from the previous year. Continued liquidation activity was suggested by a 500 BTC outflow post-quarter. Riot is expanding into artificial intelligence and high-performance computing, reducing reliance on bitcoin mining. The company also reduced power costs and increased hash rate, generating $21 million in power credits through energy programs.
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