Riot sold over 20,000 BTC in the first three quarters, cashing out 1.5 billion USD for data center construction

Riot Platforms, a Bitcoin mining and data center developer, announced its third-quarter financial report for 2026, with total revenue of $181 million, a year-on-year increase of 1%; net profit of $4.03 million, compared to $104 million in the same period last year; and adjusted EBITDA of $191 million, down from $197 million in the same period last year.

By business segment, Bitcoin mining revenue was $116 million, down from $161 million in the same period last year; data center revenue was $18.4 million, including base rental income of $7.7 million; and engineering business revenue was $47 million, a year-on-year increase of approximately 146%. In the third quarter, Riot mined a total of 1,637 BTC, a year-on-year increase of 16%, with the cost of mining a single Bitcoin dropping to $39,265.

As of September 30, Riot held 2,418 BTC, valued at approximately $202 million, with total cash and restricted cash of $748 million. In the first three quarters of this year, the company sold a total of 20,264 BTC, cashing out approximately $1.5 billion, mainly for data center construction. Additionally, Riot has fully repaid and terminated a $200 million credit line with Coinbase and released all pledged BTC.