Riot Platforms, a US company specializing in Bitcoin (BTC) mining, reported selling 3,778 units of assets in the first quarter of 2026, generating a net profit of $289.5 million.
According to the quarterly production and operation report released by the company on April 2nd, The average selling price was $76,626 per unit.
Despite this liquidation, the mining company ended the quarter with 15,680 Bitcoins, equivalent to approximately $1.1 billion in current value. Of this, 5,802 Bitcoin remained restricted as it was used as collateral.
The company did not disclose the specific reason for the sale. In order, It should be noted that Riot disposed of 1,181 BTC on January 7th.
Another point to note is that this movement This occurred in a context where other large companies in the sector also sold part of their BTC reserves.
As reported by CriptoNoticias, in March MARA sold 15,133 BTC for approximately $1.1 billion, while Core Scientific also sold some of its holdings at the beginning of the year. In both cases, sales were related to balance decisions and increased exposure to infrastructure related to artificial intelligence.
In Riot’s case, the lack of specifics leaves open the question of whether the business responded to a liquidity need, a financial management decision, or a broader strategy related to expanding its digital infrastructure.
BTC production decreased slightly
In addition to BTC sales, the company reported a slight decrease in its production volume. We mined 1,473 BTC in the first quarter. This is a 4% decrease compared to the same period in 2025, when it produced 1,530 BTC.
Despite this decline, the company demonstrated an expansion of its operating capacity. Riot ended the quarter with a deployed hash rate of 42.5 EH/s, up 26% year over year. Meanwhile, the average operating hash rate increased by 23% to 36.4 EH/s.
Another notable fact is the increase in energy credits obtained by the company. Consumption reduction credits and demand response program participation contributed to Riot’s additional $21 million in the quarter (compared to $7.8 million in the year-ago period).
The results were announced after Riot ended 2025 with record revenue of $647.4 million, a 71.8% increase over 2024. Against this backdrop, the market will be watching closely to see if the BTC sale is a one-time move or the beginning of a more defensive strategy by the mining company.
(Tag translation) Bitcoin (BTC)
