Riot Cashes Out $1.5 Billion, Sells Approximately 20,264 BTC in the First Three Quarters

Riot Platforms has released its Q3 2026 financial report, showing total revenue of $181 million, a year-on-year increase of 1%; net profit was $4.03 million, compared to $104 million in the same period last year. Bitcoin mining revenue reached $116 million, data center revenue was $18.4 million, and engineering business revenue was $47 million, marking an approximate year-on-year growth of 146%. In the third quarter, the company mined 1,637 BTC, 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. In the first three quarters of this year, the company sold about 20,264 BTC, cashing out approximately $1.5 billion, primarily for data center construction; additionally, the company has fully repaid and terminated a $200 million credit line with Coinbase and released all staked BTC.

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