Riot sells $289.5M in Bitcoin as Q1 output slips, hashrate up
Riot Platforms sold $289.5 million in bitcoin in Q1 2026, unloading 3,778 BTC at an average $76,626, as production slipped 4% to 1,473 BTC and deployed hashrate reached 42.5 EH/s.
Riot Platforms sold $289.5 million of Bitcoin in the first quarter of 2026, moving 3,778 BTC at an average price of $76,626, according to its Q1 production and operations update published on April 2.
The company ended the quarter holding 15,680 BTC valued at about $1.1 billion, including 5,802 restricted coins pledged as collateral. Average operating hashrate rose 23% from a year earlier to 36.4 EH/s, reflecting higher run-rate capacity during the period.
Bitcoin output totaled 1,473 BTC in Q1, down 4% from 1,530 BTC in the same quarter of 2025. Deployed hashrate reached 42.5 EH/s by quarter-end, up 26% year over year as new miners and infrastructure came online.
Activity from peers has been similar in recent months. Marathon Digital sold 15,133 BTC in March for roughly $1.1 billion to bolster its balance sheet while investing in AI compute. Core Scientific sold 1,900 BTC in January and planned to sell all of its bitcoin in the first quarter amid its own AI and high-performance computing push. Riot has been expanding into AI and high-performance computing infrastructure as well. No reason was provided for its Q1 Bitcoin sales.
The quarterly update follows record full-year revenue in 2025 of $647.4 million, a 71.8% increase from $376.7 million the prior year.
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