$15 Billion Cashed Out: Riot Sold Approximately 20,264 BTC in the First Three Quarters for Data Center Construction

Odaily News: Riot Platforms has released its Q3 2026 financial report, with total revenue of $181 million for the period, a year-over-year increase of 1%; net income of $4.03 million, compared to $104 million in the same period last year. Bitcoin mining revenue was $116 million, data center revenue was $18.4 million, and engineering business revenue was $47 million, a year-over-year increase of approximately 146%. In Q3, the company mined 1,637 BTC, with the cost per bitcoin mined dropping to $39,265. As of September 30, Riot held 2,418 BTC, valued at approximately $202 million. In the first three quarters of this year, the company sold approximately 20,264 BTC, cashing out about $1.5 billion, primarily for data center construction; in addition, the company has fully repaid and terminated its $200 million Coinbase credit facility and released all pledged BTC.