Riot Platforms sold 4,300 bitcoin in Q2 2026 earnings

Riot mined 1,587 BTC successful the 2nd quarter, an 11% summation from the 1,426 BTC it produced successful the aforesaid 4th of 2025. Yet bitcoin mining gross fell 19% twelvemonth implicit twelvemonth to $113.7 million, arsenic little mean bitcoin prices weighed connected results. All-in mining costs came to $90,631 per bitcoin, which the institution said amounted to 126.5% of each coin's $71,667 mean accumulation worth implicit the period. Rising powerfulness costs and the ongoing enlargement of its Kentucky mining installation drove the higher expenses.

Quarterly gross climbed to $174.2 million, a 14% summation versus the $153 cardinal recorded successful the aforesaid 4th of the anterior year. Data halfway gross contributed $23.2 cardinal to that total. Riot posted a nett nonaccomplishment of $237.2 cardinal for the quarter, compared with nett income of $219.5 cardinal successful the aforesaid play past year.

Despite the bitcoin income and the quarterly loss, Riot ended June with much than $1.2 cardinal successful liquid assets, including $548.9 cardinal successful currency and 11,380 BTC remaining successful its treasury, the institution said.

The bitcoin income correspond an acceleration of a displacement successful however Riot manages its holdings. According to Financefeeds, Riot had already offloaded 3,778 BTC successful Q1, bringing successful astir $289.5 cardinal from those sales. Riot has described its attack arsenic balancing bitcoin retention with operational and maturation backing needs, stopping abbreviated of committing its afloat mined output to semipermanent storage.

The information halfway buildout is cardinal to that superior deployment. At its Rockdale, Texas campus, Riot finished a archetypal 25 MW build-out for AMD and has a 2nd 25 MW signifier nether construction. After the 4th closed, Riot signed a 20-year statement to proviso 191 megawatts of IT capableness astatine Rockdale to a frontier AI institution aboriginal identified arsenic Anthropic. That declaration is expected to make astir $9.1 cardinal done June 2048, with hold options that could rise the full worth to astir $16.1 billion, the institution said.

Together with its earlier AMD deal, Riot's contracted captious IT capableness present stands astatine 241 MW, representing astir $9.8 cardinal successful semipermanent revenue, CEO Jason Les said successful a statement.

Riot banal has risen 69% implicit the past 12 months and was trading astatine $19.58.