Riot Platforms Sold 9,665 Bitcoin in H1 2026 to Fund AI Pivot

Q2 Sale Draws Down One of Mining’s Largest Treasuries

Riot Platforms disclosed it sold 4,300 BTC during the 2nd 4th of 2026, drafting down 1 of the bitcoin mining industry’s largest firm treasuries arsenic the Nasdaq-listed institution funds operations and an progressively ambitious enlargement into information centers.

The merchantability near Riot holding 11,380 BTC arsenic of June 30, down from astir 15,680 BTC astatine the commencement of the quarter. Of that remaining stack, 5,821 BTC, conscionable implicit half, is pledged arsenic collateral against existing loans, meaning it isn’t freely disposable for the institution to merchantability oregon determination without archetypal satisfying lenders.

Image source: SEC.gov

The Q2 merchantability follows a akin determination successful the archetypal quarter, erstwhile Riot sold BTC for $289.5 million. Added together, Riot offloaded astir 9,665 BTC crossed the archetypal fractional of 2026, a sizeable drawdown for a institution that has spent years gathering its treasury arsenic a halfway portion of its equilibrium expanse strategy.

That said, Riot inactive mined actively during the period, producing 1,587 BTC successful the 2nd 4th astatine an mean outgo of $49,912 per coin, excluding depreciation, contributing to quarterly gross of $174.2 million, a 14% year-over-year increase. Cash connected manus stood astatine $548.9 million, of which $77.5 cardinal was restricted, with full liquid assets astir $1.2 billion.

The mining broadside of the concern had entered the twelvemonth connected stronger footing too, arsenic Riot’s deployed hashrate reached 42.5 exahashes per second (EH/s) by Q1 end, a 26% summation from the aforesaid play successful 2025, adjacent arsenic the institution was already selling down its bitcoin holdings to money its expansion.

Riot’s AI Data Center Pivot

Since the commencement of the year, Riot has been facilitating a pivot from axenic bitcoin mining toward artificial quality (AI) and high-performance computing. The company’s astir consequential determination truthful acold is simply a 20-year, 191-megawatt lease with Anthropic. The woody is projected to generate astir $9.1 billion successful gross for Riot done 2048.

Moreover, the steadfast has stood up its archetypal information halfway gross streams, including tenant fit-out and operating lease income, arsenic it builds toward becoming an relation of AI infrastructure alternatively than solely a bitcoin miner.

Investors person taken announcement and evaluators person said Riot’s AI and high-performance computing enlargement could beryllium worth up to $21 billion, a fig that helps explicate wherefore the institution is consenting to portion with bitcoin it erstwhile treated arsenic a semipermanent holding.

Part of a Broader Industry Shift

Riot isn’t unsocial successful its dynamism, with Marathon, the largest publically traded bitcoin miner by treasury size, selling astir 23,093 BTC for astir $1.6 cardinal astatine an mean terms of $70,631 during the archetypal fractional of 2026 (redeploying the proceeds toward indebtedness simplification and maturation initiatives).

Bitcoin.com News has besides reported that publically listed miners collectively sold much than 32,000 BTC successful the archetypal 4th of 2026, a fig that surpassed their combined full-year 2025 sales.

That inclination has near immoderate mining entities, similar Bitdeer Technologies, with nary bitcoin reserves near astatine all, portion others specified arsenic Cleanspark person reorganized enactment teams specifically to accelerate AI initiatives alternatively than proceed increasing their bitcoin stacks. Riot’s 11,380 BTC treasury, inactive worthy astir $730 cardinal astatine existent prices, keeps it among the larger holders adjacent aft 2 consecutive quarters of selling.

Image source: Bitcointreasuries.net

That said, if information halfway income scales arsenic projected, Riot whitethorn person little request to support selling bitcoin successful the backmost fractional of 2026.