Riot Platforms (RIOT) Sells 3,778 Bitcoin In Q1

Riot Platforms sold 3,778 bitcoin in the first quarter of 2026 for $289.5 million, a shift as the miner redirects capital toward infrastructure and high-performance computing. The sales exceeded its quarterly production of 1,473 BTC by about 2.6 times, and Riot ended the quarter with 15,680 BTC, down 18% from 18,005 BTC at the end of 2025. In January, it sold 1,080 BTC to fund the purchase of 200 acres in Rockdale, Texas, and signed a ten-year agreement with Advanced Micro Devices to provide 25 megawatts of capacity, expected to generate about $311 million in contract revenue. The article also notes that Arkham Intelligence flagged a 500 BTC outflow from a Riot-linked wallet after the quarter ended.