Bitcoin mining firm Riot Platforms sold 3,778 BTC in Q1 2026, net revenue of $289.5 million

GateNews
BTC-1.3%

Gate News message: On April 3, Riot Platforms released its unaudited production and operations data for the first quarter of 2026. The quarter produced 1,473 BTC, with average daily production of 16.4 BTC, down 4% year over year. The company sold 3,778 BTC during the quarter, generating net revenue of $289.5 million, with an average selling price of $76,626. As of quarter-end, it held 15,680 BTC, including 5,802 restricted Bitcoins, down 18% year over year. In terms of hash rate, total deployed capacity reached 42.5 EH/s, up 26% year over year; average operational capacity was 36.4 EH/s, up 23% year over year. Equipment efficiency was 20.2 J/TH, improving 4% year over year. Total power credits reached $21.0 million, up 171% year over year, including demand response credits of $7.5 million, up 278% year over year. Total electricity costs declined to 3.0 cents per kWh, down 21% year over year.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

Trump's Bitcoin Reserve Plan Announcement Expected Within Weeks

US President Donald Trump's administration is preparing to announce its strategic Bitcoin reserve plan within the coming weeks, according to Patrick Witt, head of the White House Cryptocurrency Advisory Committee. Witt made the statement at the Consensus conference in Miami, noting that the US

CryptoFrontier13m ago

Hyperscale Data Announces Purchase of 2,000 Ounces of Gold, Holds 680.96 BTC

According to Odaily, Nasdaq-listed bitcoin treasury company Hyperscale Data announced an expansion of its digital assets and precious metals reserve strategy, including the purchase of 2,000 ounces of gold. The company currently holds 680.9595 Bitcoin and 10,000 ounces of silver, with plans to

GateNews55m ago

TD Cowen Raises MSTR Price Target to $395 on Thursday, Citing STRC Shift and Improved BTC Yield Outlook

According to TD Cowen analysts Lance Vitanza and Jonnathan Navarrete, the firm raised its price target on Strategy (MSTR) to $395 from $385 on Thursday, citing the company's shift toward STRC perpetual preferred issuance as more capital-efficient for bitcoin accumulation. The revision implies

GateNews1h ago

Analyst Garrett Jin Warns of Hidden Risks as Bitcoin Approaches $82,000-$83,000

According to Odaily, analyst Garrett Jin published an analysis warning that despite market stability and Bitcoin approaching the $82,000-$83,000 range, underlying risks continue to accumulate. Jin flagged signs of stress including depleted corporate liquidity, airline bankruptcies, banks

GateNews1h ago

John Bollinger Allocates Entire Tactica Fund to Bitcoin as BTC Breaks $82,000

According to John Bollinger, the legendary analyst and inventor of Bollinger Bands, his Bitcoin trend model turned positive yesterday (May 6), and he has allocated his entire Tactica crypto fund to Bitcoin with no cash reserves. Bitcoin surged above $82,000, marking a new high in several months,

GateNews2h ago
Comment
0/400
No comments