Riot Platforms' latest financial report shows that the company sold 4300 bitcoins in the second quarter of 2026 to support day-to-day operations and the ongoing expansion of data centre operations. This United States-listed mining company, while expanding non-mining revenues, retains a larger reserve of bitcoin.
One hundred and thirty-eight bitcoins at the end of the period.
The company disclosed that, as at 30 June, Riot held 11380 bitcoin. The value of these assets is close to $666 million, based on the current collection price of bitcoin of $58527. Of these, 5821 have been used as collateral.
The financial statements also show that Riot ' s total current assets at the end of the season exceeded $1.2 billion, of which $548.9 million was cash and $77.5 million was in restricted condition.
Increased production but lower income
In the second quarter, Riot dug out a total of 1587 bitcoin, up from 1426 during the same period of the previous year, indicating that its computing operations were still growing. However, during the same period, the revenue from mining in bitcoin decreased by 19.3 per cent to $113.7 million per year.
Companies attributed the decline in revenues to the lower average price of bitcoin and the rise in the global Internet Hashi rate. This part of the pressure was only offset by the growth in the Hashi rate of Riot's own operation.
- Mining volume: 1587 BTC
- Production during the same period of the previous year: 1426 BTC
- Mining revenues: $113.7 million
Unit mining costs continue to rise
The average cost of a single bitcoin mine, free of depreciation, was $49912, which was $48992 over the same period of the previous year. According to the company, the cost increase was mainly related to increased electricity expenditure and the expansion of facilities in Kentucky.
Taking into account depreciation, the total cost of a single bitcoin mine increased to $90631, or approximately 126.5 per cent of the value of $71667 per bitcoin in the current season. This means that the cost of bitcoin excavated by the company in the current quarter is higher than its equivalent, in full-cost calibre terms.
Data centre and engineering business growth
Despite the pressure of mining operations, Riot ' s total collection increased by 14 per cent to $174.2 million in the current season, largely driven by new operations.
Of this amount, $23.2 million was generated from data centre operations, comprising $4.9 million from operating leases and $18.3 million from tenant support services. This is the second full-time revenue recognition quarter in a row after the first 25 MW capacity was delivered to AMD.
Engineering operations income also increased from $10.6 million during the same period of the previous year to $37.3 million, indicating that Riot was continuing its mining operations from a single bitcoin to a parallel development of data centre infrastructure and engineering services.
Additional information:Riot held a financial call on 10 August to inform investors of the performance of the season and the progress of data centre operations.