Riot Platforms unloaded 4,300 BTC during Q2 2026, bringing its total holdings down from 15,680 to 11,380 BTC. The sale wasn’t a panic move or a liquidity crunch. It was the cost of funding a company that’s rapidly trying to become something more than just a Bitcoin miner.
The NASDAQ-listed firm used the proceeds to finance ongoing operations and, more notably, to bankroll its aggressive expansion into AI-powered data center infrastructure.
The numbers behind the drawdown
Riot produced 1,587 BTC during the quarter at a mining cost of $49,912 per coin. Revenue hit $174.2 million, a 14% bump compared to the same period last year.
Despite offloading a substantial chunk of its Bitcoin, the company ended Q2 with over $1.2 billion in liquid assets. That figure includes $548.9 million in cash (with $77.5 million restricted) and a BTC treasury valued at roughly $666 million.
