News/Nov 6, 2026/Industry

Riot Platforms has sold almost all of its bitcoin this year to fund AI data-center buildout

IndustryNov 4, 2026, 13:00 UTC✓ 3 sources verified

Riot said it sold 20,264 bitcoin in the first nine months of 2026 for about $1.5 billion, mainly to fund data-center development, and ended September with 2,418 BTC, down from 18,005 at the start of the year. Bitcoin Magazine and Bitcoin.com both reported that Hut 8 also sold 3,102 BTC since July, about $250 million, to fund share buybacks. Riot also announced a 910 MW lease at its Corsicana campus with a Frontier AI lab.

Why it mattersPublic miners are turning into data-center landlords and selling their coins to pay for it, a steady source of supply that does not show up in ETF numbers.

Waterfall chart of Riot Platforms bitcoin holdings in 2026: 18,005 BTC on Jan 1, plus 4,697 mined, minus 20,264 sold and about 20 other, leaving 2,418 BTC on Sep 30. — Data: Riot Platforms Q3 2026 results (Nov 4, 2026) and Form 10-Q. Sales of 20,264 BTC raised about $1.5B, mostly for data-center development. As of Sep 30, 2026 balance. · Riot Platforms · as of 2026-09-30T23:59:59-04:00

Glossary

Cost to mine: What it costs a miner to produce one bitcoin, here excluding equipment depreciation. Riot reported $39,265 for the third quarter.

BTCRIOT

News summary written by fadeCT from the linked reporting. Not financial advice. The fadeCT take, when present, is opinion.