Riot Sells More Than 20,000 Bitcoin as AI Data-Centre Contracts Reach $38B
Riot Platforms said it sold 20,264 BTC in the first nine months of 2026 for about $1.5 billion, mainly to fund data-centre development. Its third-quarter results show mining revenue fell to $116 million despite higher Bitcoin production, while engineering and data-centre revenue rose. Riot reports 1,151 MW of leased capacity and roughly $38 billion in long-term contracted revenue, including a 15-year Corsicana lease valued at about $28 billion. These figures represent future contract value, not revenue already earned, and depend on construction, delivery and tenant payments. Riot ended September with $950.2 million in cash and Bitcoin, including 2,418 BTC. The shift trades some exposure to Bitcoin’s price for a capital-intensive data-centre business with execution and customer-concentration risks.
