Riot Platforms Sells $290M in Bitcoin in Q1 2026
Riot Platforms sold 3,778 BTC for $289.5 million in Q1 2026 at an average price of $76,626, ending the quarter with 15,680 BTC worth approximately $1.1 billion. This sale aligns with a broader trend of public bitcoin mining companies liquidating reserves, despite Riot's bitcoin production seeing a 4% decline while its hash rate increased by 26% year-over-year. The company's Q1 results follow a strong 2025 where it posted record annual revenue of $647.4 million.
https://bitbo.io/news/riot-platforms-sells-bitcoin-q1/