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Bitcoin mining company Riot sells 3,778 BTC in the first quarter of 2026
ME News Report, April 3rd (UTC+8), Riot Platforms released unaudited production and operational data for the first quarter of 2026. During this quarter, 1,473 BTC were mined, with an average daily production of 16.4 BTC, a 4% decrease year-over-year. The company sold 3,778 BTC, generating a net revenue of $289.5 million, with an average selling price of $76,626. As of the end of the quarter, they held 15,680 BTC, including 5,802 restricted bitcoins, an 18% decrease year-over-year. In terms of hash rate, total deployed hash power reached 42.5 EH/s, a 26% increase year-over-year; average operational hash rate was 36.4 EH/s, up 23%. Equipment energy efficiency improved to 20.2 J/TH, a 4% optimization year-over-year. Total electricity credits amounted to $21 million, a 171% increase; demand response credits reached $7.5 million, a 278% increase. Overall electricity costs decreased to 3.0 cents per kWh, a 21% reduction year-over-year. (Source: ODaily)