Riot Platforms reports Q1 2026 output of 1,473 BTC; sells 3,778 BTC for $289.5M

Riot Platforms (NASDAQ: RIOT) said it produced 1,473 bitcoin in the first quarter of 2026, down 4% year over year, according to unaudited production and operational figures carried by GlobeNewswire. The miner sold 3,778 BTC during the quarter, generating net proceeds of about $289.5 million at an average price of roughly $76,626 per BTC. Riot ended the quarter with 15,680 BTC on its balance sheet, including 5,802 restricted BTC, an 18% year-over-year decline. On operations, total deployed hash rate rose to 42.5 EH/s, up 26% year over year, while average operational hash rate increased 23% to 36.4 EH/s. Fleet efficiency improved to 20.2 J/TH. The company reported $21 million in power credit revenue, up 171% year over year. Combined power cost fell to $0.03 per kWh, down 21% from a year earlier.