The tweet was deleted by the author.
But we saved everything 🙂.
Riot Platforms sells Bitcoin amid miners shift toward AI
Mining company Riot Platforms sold 3,778 BTC worth $289.5 million in the first quarter of 2026. At the same time, its Bitcoin production declined by 4% over the period.
According to Riot’s report, the company sold its holdings at an average price of $76,626 per coin. By the end of the quarter, Riot held 15,680 BTC (around $1.1 billion), including 5,802 BTC pledged as collateral.
Riot’s sales align with a broader trend among mining companies. In March, MARA sold 15,133 BTC for about $1.1 billion, while Core Scientific sold 1,900 BTC in January and announced plans to liquidate its entire holdings in the first quarter. Many industry players are reallocating capital toward AI and high-performance computing infrastructure.
At the same time, Riot is also expanding into AI and data centers, although the company has not disclosed the specific reasons behind its Bitcoin sales.
Production declines, capacity grows
Alongside the sales, Riot reported a slight decrease in mining output. In Q1 2026, the company mined 1,473 BTC — down 4% from 1,530 BTC in the same period of 2025.
Despite this, operational capacity continued to expand. Deployed hashrate reached 42.5 EH/s by the end of the quarter, up 26% year-over-year. Average operating hashrate increased by 23% to 36.4 EH/s.
The company’s financial performance remains strong. In 2025, Riot reported revenue of $647.4 million, up 71.8% from $376.7 million a year earlier.
A bet on data centers
Meanwhile, Riot Platforms is активно expanding its infrastructure for data centers and high-performance computing. Earlier this year, the company acquired 200 acres of land in Texas for $96 million, fully funding the deal through the sale of around 1,080 BTC. The Rockdale site already has 700 MW of connected power, and together with the Corsicana facility, Riot’s total portfolio exceeds 1,100 acres and 1.7 GW of energy capacity — making it one of the largest data center clusters in the United States.
A key milestone was a 10-year data center lease agreement with AMD. The contract предусматривает an initial load of 25 MW starting in 2026, with potential expansion up to 200 MW. The base value of the deal is estimated at $311 million, and could reach around $1 billion with extensions, highlighting the scale of Riot’s shift toward AI and HPC infrastructure.
It is worth noting that as early as last year, mining companies began selling their Bitcoin holdings to invest in artificial intelligence infrastructure.
This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.
Subscribe to TU news
Did you like the article?
Latest Riot News
Weekly Top Bonuses
Top News
Top 5 companies for you
United States
-
Afghanistan
-
Albania
-
Algeria
-
Angola
-
Argentina
-
Armenia
-
Australia
-
Austria
-
Azerbaijan
-
Bahamas
-
Bahrain
-
Bangladesh
-
Belarus
-
Belgium
-
Bolivia
-
Botswana
-
Brazil
-
Brunei
-
Bulgaria
-
Cambodia
-
Cameroon
-
Canada
-
Chile
-
China
-
Colombia
-
Congo
-
Costa Rica
-
Cote d'Ivoire
-
Croatia
-
Cuba
-
Cyprus
-
Czechia
-
DR Congo
-
Denmark
-
Dominican Republic
-
Ecuador
-
Egypt
-
El Salvador
-
Estonia
-
Eswatini
-
Ethiopia
-
Finland
-
France
-
Georgia
-
Germany
-
Ghana
-
Greece
-
Haiti
-
Hong Kong
-
Hungary
-
India
-
Indonesia
-
Iran, Islamic republic
-
Iraq
-
Ireland
-
Israel
-
Italy
-
Jamaica
-
Japan
-
Jordan
-
Kazakhstan
-
Kenya
-
Korea
-
Kuwait
-
Kyrgyzstan
-
Laos
-
Latvia
-
Lebanon
-
Lesotho
-
Libya
-
Lithuania
-
Luxembourg
-
Madagascar
-
Malaysia
-
Malta
-
Mauritius
-
Mexico
-
Moldova
-
Mongolia
-
Montenegro
-
Morocco
-
Mozambique
-
Myanmar
-
Namibia
-
Nepal
-
Netherlands
-
New Zealand
-
Nigeria
-
North Macedonia
-
Norway
-
Oman
-
Pakistan
-
Palestine
-
Panama
-
Papua New Guinea
-
Paraguay
-
Peru
-
Philippines
-
Poland
-
Portugal
-
Puerto Rico
-
Qatar
-
Reunion
-
Romania
-
Rwanda
-
Saudi Arabia
-
Serbia
-
Singapore
-
Slovakia
-
Slovenia
-
Somalia
-
South Africa
-
Spain
-
Sri Lanka
-
Sweden
-
Switzerland
-
Syria
-
Taiwan
-
Tajikistan
-
Tanzania
-
Thailand
-
Trinidad and Tobago
-
Tunisia
-
Turkey
-
UAE
-
Uganda
-
Ukraine
-
United Kingdom
-
United States
-
Uruguay
-
Uzbekistan
-
Venezuela
-
Vietnam
-
Yemen
-
Zambia
-
Zimbabwe
- Forex
- Crypto
Live News
