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RIOT DUMPED 4,300 $BTC IN Q2 – MINING COSTS NOW $91K PER BITCOIN AS AI PIVOT ACCELERATES
Long Caption:
Riot Platforms sold 4,300 Bitcoin during Q2 2026 – following 3,778 BTC sold in Q1 – as production costs approached $91,000 per unit.
The damage:
· Treasury fell to 11,380 BTC
· Q2 quarterly loss: $237 million
· BTC trading below $64,000 makes mining unprofitable
The pivot: Riot is shifting part of its business toward AI data centers, agreeing to supply 191 megawatts of capacity to Anthropic under a 20-year contract worth $9.1 billion.
ETF picture not uniformly negative: Jane Street disclosed more than $1 BILLION in US spot Bitcoin ETF holdings as of Q2, including about $828 million in BlackRock's IBIT.
👇 Do you think miner selling will continue? Type YES or NO.#GateEventPointsSystemLaunched