Riot Sold 20,264 Bitcoin to Fund Data Center Buildout in 2026

Riot Platforms sold 20,264 Bitcoin (BTC) during the first nine months of 2026, bringing in about $1.5 billion that it largely directed to data-center construction, as third-quarter revenue rose 1% year over year to $181 million. Bitcoin mining revenue fell to $116 million from $161 million in the year-earlier quarter. The average Bitcoin price declined to $70,855 from $114,361, while Riot’s mining output increased 16% to 1,637 BTC from 1,406 BTC. Mining cost per coin, excluding depreciation, dropped to $39,265 from $46,324. Data-center revenue reached $18.4 million, including $7.7 million in base rent in the first full quarter after Riot delivered 25 megawatts of capacity to AMD. Engineering revenue rose to $47 million from $19.1 million. Together, engineering and data centers generated $65.4 million, compared with $116 million from mining.

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