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Riot Platforms Secures $9.1B AI Lease as Costs to Mine BTC Decline

Guavy AI Editorial Team
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Riot Platforms (RIOT) has announced that it secured a $9.1 billion AI lease and released its Q2 2026 results, which showed a decline in costs to mine one BTC.

The company reported an average global network hash rate of 957 EH/s in Q2 2026, up 9% from Q2 2025. Riot's power strategy generated significant power curtailment credits of $10.1 million in Q2 2026, driving the all-in cost of power to 3.6c/kWh.

The cost to mine one BTC, excluding Bitcoin miner depreciation, was $49,912 in Q2 2026, a decrease from $48,992 in Q2 2025. The company's revenue for Q2 2026 was $174,235, while its gross profit was $51,295.

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