Riot Platforms bought $289.5 million value of bitcoin in the course of the first quarter of 2026, in keeping with its Q1 manufacturing and operations replace printed Thursday.
The corporate offloaded 3,778 BTC at a median worth of $76,626 per coin.
By the tip of the quarter, Riot held 15,680 BTC — value roughly $1.1 billion — together with 5,802 restricted bitcoin pledged as collateral.
Miners broadly trimming holdings
Riot’s sale matches a wider sample amongst public bitcoin mining firms liquidating parts of their reserves.
In March, MARA bought 15,133 BTC for round $1.1 billion to strengthen its stability sheet amid a broader shift towards AI compute infrastructure.
Core Scientific additionally bought 1,900 BTC in January following the same AI pivot, and mentioned on the time it deliberate to promote its complete bitcoin holdings throughout Q1.
Whereas Riot can also be increasing into AI and high-performance computing infrastructure, the corporate didn’t specify the rationale behind its personal gross sales.
Manufacturing dips, hashrate climbs
Riot mined 1,473 BTC in Q1 2026, a 4% decline from the 1,530 BTC it produced in Q1 2025.
Regardless of the decrease output, operational capability grew — deployed hashrate reached 42.5 EH/s by quarter’s finish, up 26% year-over-year, whereas common working hashrate rose 23% to 36.4 EH/s.
Document income in 2025
The Q1 outcomes comply with a powerful 2025 for Riot, which posted file annual income of $647.4 million — a 71.8% enhance from $376.7 million the prior yr.
The corporate has not but commented additional on the rationale behind its Q1 bitcoin gross sales.