Riot sold over 20,000 BTC in the first three quarters, cashing out $1.5 billion for data center construction.

BlockBeats news, November 4 — Bitcoin mining company and data center developer Riot Platforms released its Q3 2026 financial report, with total revenue of $181 million for the period, up 1% year-over-year; net income of $4.03 million, compared to $104 million in the same period last year; adjusted EBITDA of $191 million, compared to $197 million in the same period last year.

By business segment, Bitcoin mining revenue was $116 million, down from $161 million in the same period last year; data center revenue was $18.4 million, including $7.7 million in base rent revenue; engineering revenue was $47 million, up approximately 146% year-over-year. In Q3, Riot mined a total of 1,637 BTC, up 16% year-over-year, with the cost per Bitcoin mined dropping to $39,265.

As of September 30, Riot held 2,418 BTC valued at approximately $202 million, with cash and restricted cash totaling $748 million. In the first three quarters of this year, the company sold a cumulative 20,264 BTC, cashing out approximately $1.5 billion, primarily for data center construction. In addition, Riot has fully repaid and terminated its $200 million Coinbase credit facility and released all pledged BTC.