Riot Platforms sold 4,300 bitcoin in Q2 2026 earnings

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.