Riot Platforms Reports Decline in Bitcoin Production for Q1 2026

Riot Platforms has released its unaudited production and operational data for the first quarter of 2026. According to Odaily, the company produced 1,473 BTC during this period, averaging 16.4 BTC per day, marking a 4% decrease compared to the previous year. The quarter also saw the sale of 3,778 BTC, generating net revenue of $289.5 million, with an average selling price of $76,626 per BTC. By the end of the quarter, Riot Platforms held 15,680 BTC, including 5,802 restricted bitcoins, reflecting an 18% year-over-year reduction. In terms of computing power, Riot Platforms achieved a total deployed hash rate of 42.5 EH/s, a 26% increase from the previous year, while the average operational hash rate reached 36.4 EH/s, up 23%. The equipment efficiency improved by 4% to 20.2 J/TH. The total electricity credits amounted to $21 million, a significant 171% increase, with demand response credits contributing $7.5 million, up 278%. The overall electricity cost decreased to 3.0 cents per kilowatt-hour, a 21% reduction year-over-year.