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Riot Platforms sold 4,300 $BTC in the second quarter of 2026, nearly three times the 1,587 coins it pulled from its rigs.
The harder number: all-in mining costs ran to $90,631 per bitcoin, which the company said amounted to 126.5% of each coin's $71,667 average production value, meaning every coin produced cost more than it fetched.
Riot mined 11% more bitcoin than it did in Q2 2025, yet bitcoin mining revenue fell 19% year over year to $113.7 million.
Lower average bitcoin prices and rising power costs explain the gap, the latter amplified by ongoing expansion of the company's Kentucky mining facility.
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