Riot Platforms Announces 2026 Q3 Financial Report, Cashing in $1.5 Billion
2026-11-04 20:40:53
According to CoinMeta, Riot Platforms released its financial report for the third quarter of 2026. During this period, the total revenue was 181 million US dollars, a year-on-year increase of 1%, and the net profit was 4.03 million US dollars, compared to 104 million US dollars in the same period last year. Bitcoin mining revenue amounted to 116 million US dollars, data center revenue was 18.4 million US dollars, and engineering business revenue was 47 million US dollars, representing a year-on-year increase of about 146%. In the third quarter, the company mined 1,637 BTC, and the cost per Bitcoin mined dropped to 39,265 US dollars. As of September 30th, Riot held 2,418 BTC, valued at approximately 202 million US dollars. In the first three quarters of this year, the company sold about 20,264 BTC, realizing approximately 1.5 billion US dollars, which was mainly used for data center construction. In addition, the company has fully repaid and terminated a 200 million US dollar Coinbase credit line and released all pledged BTC.
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Source:Internet
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