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- Riot Platforms reports a slight drop in Bitcoin production in Q1 2026.
- The company increases hash rate and improves power efficiency.
- Strong Bitcoin sales generate significant cash despite lower holdings.
Riot Platforms, Inc. released its unaudited results for the first quarter of 2026. The company produced 1,473 Bitcoin during the period. This marks a 4 percent decline from the same quarter in 2025. Daily production also fell to 16.4 Bitcoin from 17.0 last year.
Despite the lower output, Riot recorded strong sales activity. The company sold 3,778 Bitcoin during the quarter. These sales generated net proceeds of 289.5 million dollars. The average selling price reached 76,626 dollars per Bitcoin. This reflects favorable market conditions during the quarter.
Riot’s Bitcoin holdings dropped to 15,680. This figure includes restricted assets. The decline shows an active strategy to convert holdings into liquidity. The company used this approach to strengthen its balance sheet and support operations.
Riot Improves Efficiency and Reduces Energy Expenses
The hash rate deployment at Riot rose to 42.5 exahashes per second. This is an increase of 26 percent relative to last year. At the same time, the operational hash rate rose to 36.4 exahashes per second. That is, there was an increase of 23 percent.
Riot managed to increase the efficiency of the equipment in the quarter under review. The efficiency level was at 20.2 joules per terahash. This is an increase of 4 percent compared to the last year. At the same time, the cost of electricity for Riot decreased.
All-inclusive power costs dropped to 3.0 cents per kilowatt-hour. Thus, a decrease of 21 percent occurred. At the same time, power credits for the quarter were quite high. They amounted to 21.0 million dollars. Specifically, this figure consists of 13.5 million dollars for power credits and 7.5 million dollars for demand response credits.
Riot Expands Mining and Data Center Operations
The company has mines in Texas and Kentucky, while its engineering units have been set up in Denver and Houston. Riot is growing rapidly in the field of digital infrastructure. Currently, the company’s main task is the development of large-scale data centers for high-density computing. Riot intends to attract investments by participating in various international forums.
These forums will be held in New York, Hong Kong, and Los Angeles in May 2026. In addition, the company is recruiting employees in different areas to implement its expansion plan. Riot seeks to become one of the top platforms in digital infrastructure. Its primary task is to integrate the operation of Bitcoin mining with the construction of data centers.
Also Read: Bhutan Moves $25M in Bitcoin—Is a Massive Sell-Off Already Underway?
