Riot Platforms sold 4,300 BTC in Q2 2026, reducing its holdings from 15,680 to 11,380 BTC, a drop of approximately 27%. The NASDAQ-listed company generated $174.2 million in revenue during the period, up 14% year-over-year, with a mining cost of $49,912 per bitcoin. The proceeds funded Riot’s expansion into AI-powered data centers, notably through a 20-year, 191 MW lease agreement with Anthropic projected to generate $9.1 billion in cumulative revenue. The company now holds over $1.2 billion in liquid assets and $9.8 billion in long-term contracted revenue, creating a fundamentally different risk profile compared to a pure-play bitcoin miner.
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