Riot Platforms sold 4,300 bitcoin in Q2 2026 earnings

Riot Platforms sold 4,300 bitcoin in Q2 2026 earnings

Fri, August 14, 2026 at 8:40 PM GMT+3 2 min read

• RIOT -0.39%
• BTC-USD -0.39%

Riot Platforms sold 4,300 bitcoin in the second quarter of 2026 to help fund operations and its expanding artificial intelligence data center business, the company said, according to CryptoProwl.

Riot mined 1,587 BTC in the second quarter, an 11% increase from the 1,426 BTC it produced in the same quarter of 2025. Yet bitcoin mining revenue fell 19% year over year to $113.7 million, as lower average bitcoin prices weighed on results. All-in mining costs came to $90,631 per bitcoin, which the company said amounted to 126.5% of each coin's $71,667 average production value over the period. Rising power costs and the ongoing expansion of its Kentucky mining facility drove the higher expenses.

Quarterly revenue climbed to $174.2 million, a 14% gain versus the $153 million recorded in the same quarter of the prior year. Data center revenue contributed $23.2 million to that total. Riot posted a net loss of $237.2 million for the quarter, compared with net income of $219.5 million in the same period last year.

Despite the bitcoin sales and the quarterly loss, Riot ended June with more than $1.2 billion in liquid assets, including $548.9 million in cash and 11,380 BTC remaining in its treasury, the company said.

The bitcoin sales represent an acceleration of a shift in how Riot manages its holdings. According to Financefeeds, Riot had already offloaded 3,778 BTC in Q1, bringing in roughly $289.5 million from those sales. Riot has described its approach as balancing bitcoin retention with operational and growth funding needs, stopping short of committing its full mined output to long-term storage.

The data center buildout is central to that capital deployment. At its Rockdale, Texas campus, Riot finished a first 25 MW build-out for AMD and has a second 25 MW phase under construction. After the quarter closed, Riot signed a 20-year agreement to supply 191 megawatts of IT capacity at Rockdale to a frontier AI company later identified as Anthropic. That contract is expected to generate approximately $9.1 billion through June 2048, with extension options that could raise the total value to roughly $16.1 billion, the company said.

Together with its earlier AMD deal, Riot's contracted critical IT capacity now stands at 241 MW, representing roughly $9.8 billion in long-term revenue, CEO Jason Les said in a statement.

Riot stock has risen 69% over the past 12 months and was trading at $19.58.