Riot Platforms, one of the largest publicly traded Bitcoin miners by computing capacity, sold 5,887 BTC for about $443 million in Q2 as it tapped its crypto treasury to help bankroll a push into AI data centers, a business outside crypto.
- In its Q2 filing, the company reported sales of 9,665 BTC for $732.5 million during the first half of 2026.
- Its Q1 filing reported sales of 3,778 BTC for $289.5 million.
The difference indicates that Riot sold 5,887 BTC at an average price of about $75,247 in Q2. That was also 3.7 times the 1,587 BTC it mined over the same period.
Riot Platforms' holdings consequently fell from 15,679 BTC at the end of March to 11,380 BTC on June 30. The roughly 4,300-BTC decline cited in some accounts measures the change in its treasury, rather than the number of coins sold.
Newly mined Bitcoin offset part of the sales, The Coinformer noticed.
Bitcoin treasury finances data center expansion
The Bitcoin mining giant said in its filing that it sold bitcoin "on the open market to fund company operations and for compensation for certain employees."
On its earnings call, Riot Platforms chief financial officer Jason Chung said the company's Bitcoin treasury "is a key financial asset that we have continued to leverage in order to fund the development of our data center platform."
- The company recorded $23.2 million in data-center revenue during the quarter, including lease revenue and work performed for chipmaker AMD.
- Bitcoin mining remained its largest business, generating over $113 million.
Riot remains one of the largest public miners
Riot Platforms ended June with 44.4 EH/s of deployed mining capacity, which the company said represented about 4.6% of the global Bitcoin network.
The miner's remaining 11,380 BTC also ranked behind MARA's 35,577 and CleanSpark's 13,924 but ahead of most other publicly traded miners.
Of Riot's holdings, 5,821 BTC were pledged as collateral for a $200 million credit facility, leaving 5,559 unrestricted at the end of June.