Riot Platforms sold 4,300 BTC in the second quarter of 2026, pushing its six-month total to 9,665 bitcoin as the Texas-based miner leans harder into artificial intelligence (AI) infrastructure.
Key Takeaways
Riot Platforms sold 4,300 BTC in Q2 2026, cutting its treasury to 11,380 BTC by H1 end.Riot’s 191 megawatt Anthropic lease is projected to generate $9.1 billion in revenue through 2048.Marathon sold 23,093 BTC for $1.6 billion in H1 2026, showing an industry-wide treasury shift.That said, Riot still mined actively during the period, producing 1,587 BTC in the second quarter at an average cost of $49,912 per coin, excluding depreciation, contributing to quarterly revenue of $174.2 million, a 14% year-over-year increase. Cash on hand stood at $548.9 million, of which $77.5 million was restricted, with total liquid assets around $1.2 billion.
Riot’s AI Data Center PivotMoreover, the firm has stood up its first data center revenue streams, including tenant fit-out and operating lease income, as it builds toward becoming an operator of AI infrastructure rather than solely a bitcoin miner.
That trend has left some mining entities, like Bitdeer Technologies, with no bitcoin reserves left at all, while others such as Cleanspark have reorganized leadership teams specifically to accelerate AI initiatives rather than continue growing their bitcoin stacks. Riot’s 11,380 BTC treasury, still worth roughly $730 million at current prices, keeps it among the larger holders even after two consecutive quarters of selling.
That said, if data center income scales as projected, Riot may have less need to keep selling bitcoin in the back half of 2026.
