Free daily briefing on global business news.
The crypto miner's total cost to mine one bitcoin reached $90,631, topping the $71,667 average production value during the quarter
Cheng Xin / Getty Images
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.
