Riot Platforms reported $181 million in revenue for the third quarter, selling 20,300 BTC
2026-11-04 20:41:28
According to CoinMeta, Riot Platforms released its financial report for the third quarter of 2026, which showed total revenue of $181 million and net profit of $4.03 million. Of this, revenue from Bitcoin mining amounted to $116 million, data center revenue was $18.4 million, and engineering business revenue was $47 million. In the third quarter, the company mined 1,637 BTC, with the cost of mining a single Bitcoin dropping to $39,265. As of September 30th, Riot Platforms held 2,418 BTC, valued at approximately $202 million. In the first three quarters of this year, the company sold about 20,264 BTC for roughly $1.5 billion, with the funds mainly used for data center construction. In addition, the company has fully repaid and terminated a $200 million Coinbase credit line and released all pledged BTC.
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Source:Internet
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