Riot Platforms Sells $730M in BTC as Mining Strategy Shifts

Riot Platforms' decision to sell over $730 million worth of Bitcoin during the first half of 2026 marks a significant shift in the company's mining strategy.

The company sold 3,778 BTC for approximately $289.5 million at an average net price of $76,626 per BTC in the first quarter.

Riot now holds 15,679 BTC, including 5,802 pledged as collateral, and has described 2026 as an inflection point due to its transformation into a data-center operator.

The move is driven by the increasing competition in Bitcoin mining, significant infrastructure costs, and pressure to generate cash in a capital-intensive industry.