Riot Platforms sold 4,300 bitcoin in Q2 2026 earnings

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 $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.