First-Quarter Bitcoin Offload by Riot Platforms Generates Nearly $300 Million in Revenue
Riot Platforms, a publicly listed bitcoin (BTC) mining company, sold 3,778 BTC in the first quarter of 2026. Bitcoin (BTC) is a digital currency recorded on a decentralised public ledger called a blockchain. The sales ran from January through March 2026. Riot disclosed the figures in its official Q1 2026 Production and Operations Update, published on 01 April 2026.
Net proceeds total $289.5 million at $76,626 per coinThe 3,778 BTC generated net proceeds of $289.5 million. The average net sale price per bitcoin was $76,626. Riot reported both figures in the same Q1 2026 operational release.
Production falls short of coins soldRiot mined 1,473 BTC during Q1 2026. The company sold 3,778 BTC and produced 1,473 BTC in the same period. At the end of Q1 2026, Riot held 15,680 BTC on its balance sheet. Bitcoin mining is the process of verifying blockchain transactions using specialised computers in exchange for newly issued BTC.
"Miners are selling off Bitcoin due to increasing energy costs, highlighted by the ongoing oil price shock, which represents one of the main costs of mining Bitcoin. As energy costs rise, the miners are forced to sell off their Bitcoin in an attempt to cover their operational costs.", 03 April 2026. — Kadan Stadelmann, Blockchain developer, investor, co-founder, Compance
Mining difficulty dropped in late March 2026CoinWarz, a bitcoin mining data provider, reported that mining difficulty fell on 20 March 2026, from approximately 145 trillion to 133 trillion terahashes. Mining difficulty is a measure of how hard it is for computers to process and confirm bitcoin transactions. A lower difficulty reduces the computing power and energy required per mined coin. A second independent source did not confirm these figures at time of publication. The 3,778 BTC generated net proceeds of $289.5 million. The average net sale price per bitcoin was $76,626. Riot reported both figures in the same Q1 2026 operational release.
Production falls short of coins soldRiot mined 1,473 BTC during Q1 2026. The company sold 3,778 BTC and produced 1,473 BTC in the same period. At the end of Q1 2026, Riot held 15,680 BTC on its balance sheet. Bitcoin mining is the process of verifying blockchain transactions using specialised computers in exchange for newly issued BTC.
"Miners are selling off Bitcoin due to increasing energy costs, highlighted by the ongoing oil price shock, which represents one of the main costs of mining Bitcoin. As energy costs rise, the miners are forced to sell off their Bitcoin in an attempt to cover their operational costs.", 03 April 2026. — Kadan Stadelmann, Blockchain developer, investor, co-founder, Compance
Mining difficulty dropped in late March 2026CoinWarz, a bitcoin mining data provider, reported that mining difficulty fell on 20 March 2026, from approximately 145 trillion to 133 trillion terahashes. Mining difficulty is a measure of how hard it is for computers to process and confirm bitcoin transactions. A lower difficulty reduces the computing power and energy required per mined coin. A second independent source did not confirm these figures at time of publication. Riot mined 1,473 BTC during Q1 2026. The company sold 3,778 BTC and produced 1,473 BTC in the same period. At the end of Q1 2026, Riot held 15,680 BTC on its balance sheet. Bitcoin mining is the process of verifying blockchain transactions using specialised computers in exchange for newly issued BTC.
"Miners are selling off Bitcoin due to increasing energy costs, highlighted by the ongoing oil price shock, which represents one of the main costs of mining Bitcoin. As energy costs rise, the miners are forced to sell off their Bitcoin in an attempt to cover their operational costs.", 03 April 2026. — Kadan Stadelmann, Blockchain developer, investor, co-founder, Compance
Mining difficulty dropped in late March 2026CoinWarz, a bitcoin mining data provider, reported that mining difficulty fell on 20 March 2026, from approximately 145 trillion to 133 trillion terahashes. Mining difficulty is a measure of how hard it is for computers to process and confirm bitcoin transactions. A lower difficulty reduces the computing power and energy required per mined coin. A second independent source did not confirm these figures at time of publication. "Miners are selling off Bitcoin due to increasing energy costs, highlighted by the ongoing oil price shock, which represents one of the main costs of mining Bitcoin. As energy costs rise, the miners are forced to sell off their Bitcoin in an attempt to cover their operational costs.", 03 April 2026. — Kadan Stadelmann, Blockchain developer, investor, co-founder, Compance
Mining difficulty dropped in late March 2026CoinWarz, a bitcoin mining data provider, reported that mining difficulty fell on 20 March 2026, from approximately 145 trillion to 133 trillion terahashes. Mining difficulty is a measure of how hard it is for computers to process and confirm bitcoin transactions. A lower difficulty reduces the computing power and energy required per mined coin. A second independent source did not confirm these figures at time of publication. Mining difficulty dropped in late March 2026CoinWarz, a bitcoin mining data provider, reported that mining difficulty fell on 20 March 2026, from approximately 145 trillion to 133 trillion terahashes. Mining difficulty is a measure of how hard it is for computers to process and confirm bitcoin transactions. A lower difficulty reduces the computing power and energy required per mined coin. A second independent source did not confirm these figures at time of publication. CoinWarz, a bitcoin mining data provider, reported that mining difficulty fell on 20 March 2026, from approximately 145 trillion to 133 trillion terahashes. Mining difficulty is a measure of how hard it is for computers to process and confirm bitcoin transactions. A lower difficulty reduces the computing power and energy required per mined coin. A second independent source did not confirm these figures at time of publication. Cryptocurrencies are highly volatile and involve significant risk. You may lose part or all of your investment. All information on Coinpaprika is provided for informational purposes only and does not constitute financial or investment advice. Always conduct your own research (DYOR) and consult a qualified financial advisor before making investment decisions. Coinpaprika is not liable for any losses resulting from the use of this information.