Riot Platforms Sold 3,778 BTC in Q1 2026
Riot Platforms sold 3,778 BTC in Q1 2026, generating ₱17.48 billion ($289.5 million) and reducing its treasury by 18% to 15,680 BTC. The company is pivoting toward AI infrastructure through an advanced micro devices partnership that can scale to 200 megawatts.
Key Takeaway
Riot sold 2.6x its mining output as AI infrastructure becomes more profitable than holding bitcoin.
Riot Platforms sold 3,778 BTC during Q1 2026, generating ₱17.48 billion ($289.5 million) from the liquidation. The miner produced just 1,473 BTC during the same period, meaning it sold 2.6 times its quarterly output as it executes a strategic shift toward AI infrastructure.
The sales dropped Riot's treasury from 18,005 BTC at the end of 2025 to 15,680 BTC by Q1's close. Arkham Intelligence flagged an additional 500 BTC outflow from Riot-linked wallets after Q1 ended, indicating the liquidation extended beyond the reported period.
Riot used January's 1,080 BTC sale to fund a 200-acre land purchase at its Rockdale, Texas facility. The expansion supports a 10-year capacity agreement with Advanced Micro Devices that starts at 25 megawatts but can scale to 200 megawatts. Riot expects the AMD deal to generate ₱18.77 billion ($311 million) in contract revenue over its initial term.
The company's mining operations improved operationally despite the treasury drawdown. Deployed hash rate rose 26% to 42.5 exahashes per second, while average operating hash rate climbed 23% to 36.4 EH/s. All-in power costs dropped 21% year-over-year to 3.0 cents per kilowatt hour, helping Riot generate ₱1.27 billion ($21 million) in power credits during Q1.
Riot isn't alone in liquidating holdings. MARA Holdings, Genius Group, and Nakamoto Holdings collectively sold more than 15,000 BTC in recent days. Bhutan sold 3,103 BTC including a single 375 BTC transaction on March 30, down from peak holdings of 13,000 BTC in October 2024. Public companies now hold 1.16 million BTC, representing 5% of bitcoin's fixed 21 million supply.
This article was written based on reporting from Bitcoin Magazine.
