Bitcoin mining firm Riot Platforms sold 3,778 BTC in Q1 2026, net revenue of $289.5 million

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Gate News message: On April 3, Riot Platforms released its unaudited production and operations data for the first quarter of 2026. The quarter produced 1,473 BTC, with average daily production of 16.4 BTC, down 4% year over year. The company sold 3,778 BTC during the quarter, generating net revenue of $289.5 million, with an average selling price of $76,626. As of quarter-end, it held 15,680 BTC, including 5,802 restricted Bitcoins, down 18% year over year. In terms of hash rate, total deployed capacity reached 42.5 EH/s, up 26% year over year; average operational capacity was 36.4 EH/s, up 23% year over year. Equipment efficiency was 20.2 J/TH, improving 4% year over year. Total power credits reached $21.0 million, up 171% year over year, including demand response credits of $7.5 million, up 278% year over year. Total electricity costs declined to 3.0 cents per kWh, down 21% year over year.

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