{"id":95884,"date":"2026-04-03T14:47:17","date_gmt":"2026-04-03T11:47:17","guid":{"rendered":"https:\/\/u1f987.com\/en\/?p=95884"},"modified":"2026-04-03T14:50:13","modified_gmt":"2026-04-03T11:50:13","slug":"riot-platforms-sells-bitcoin-worth-289-million-to-develop-ai-infrastructure","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/riot-platforms-sells-bitcoin-worth-289-million-to-develop-ai-infrastructure\/","title":{"rendered":"Riot Platforms Sells Bitcoin Worth $289 Million to Develop AI Infrastructure"},"content":{"rendered":"<p>The mining company Riot Platforms <a href=\"https:\/\/www.riotplatforms.com\/riot-announces-first-quarter-2026-production-and-operations-updates\/\">sold<\/a> 3778 BTC for $289.5 million in the first three months of 2026. The average sale price was $76,626 per coin.<\/p>\n<p>During the quarter, the firm mined 1473 BTC \u2014 a 4% decrease compared to the same period in 2025 (1530 BTC). It retains 15,680 BTC under management, valued at $1.1 billion.<\/p>\n<p>Despite the decline in production, Riot&#8217;s capacity has expanded. The deployed <a href=\"https:\/\/u1f987.com\/en\/news\/what-are-hashrate-and-mining-difficulty-in-cryptocurrencies\">hashrate<\/a> increased by 26% year-on-year to 42.5 EH\/s. The average operational rate rose by 23%, reaching 36.4 EH\/s.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/img-20765f4130c16965-818084938358253.webp\" alt=\"image\" class=\"wp-image-277936\"\/><figcaption class=\"wp-element-caption\">Source: Riot.\u00a0<\/figcaption><\/figure>\n<h2 class=\"wp-block-heading\">Transition to AI<\/h2>\n<p>The company is accelerating its business shift towards supporting infrastructure for artificial intelligence and high-performance computing. Riot aims to monetize its extensive energy resources in Texas, moving beyond traditional mining.<\/p>\n<p>In January, the firm <a href=\"https:\/\/u1f987.com\/en\/news\/riot-platforms-sells-1080-btc-to-expand-in-ai\">sold<\/a> 1080 BTC. The $96 million proceeds were used to purchase 200 acres of land at its Rockdale site.<\/p>\n<p>The miner also entered into a ten-year licensing agreement with Advanced Micro Devices to provide 25 MW of capacity, with the potential to expand to 200 MW. This deal is expected to generate approximately $311 million in contract revenue over the first decade.<\/p>\n<p>Riot is not the only mining company using crypto reserves to enter the AI market. Amid falling prices, the trend of repurposing equipment <a href=\"https:\/\/u1f987.com\/en\/news\/bitfarms-to-rebrand-amid-shift-to-ai\">is gaining popularity<\/a>, as mining digital gold becomes less profitable at current prices.<\/p>\n<p>Earlier, CoinShares analysts <a href=\"https:\/\/u1f987.com\/en\/news\/coinshares-analysts-report-20-of-bitcoin-miners-capitulate\">concluded<\/a> that up to 20% of miners are already operating at a loss. For the industry to return to stable profitability, Bitcoin needs to trade at no less than $100,000. At the time of writing, the cryptocurrency is priced at approximately $66,900.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/img-03f10d917231210c-818101785681317.webp\" alt=\"\u0446\u0435\u043d\u0430 \u0431\u0438\u0442\u043a\u043e\u0438\u043d\u0430 btc price\" class=\"wp-image-277937\"\/><figcaption class=\"wp-element-caption\">Hourly BTC\/USDT chart on Binance. Source: <a href=\"https:\/\/ru.tradingview.com\/chart\/?symbol=BINANCE%3ABTCUSDT\">TradingView<\/a>.\u00a0<\/figcaption><\/figure>\n<p>Back in March, Wintermute experts <a href=\"https:\/\/u1f987.com\/en\/news\/wintermute-declares-traditional-bitcoin-mining-model-obsolete\">stated<\/a> that the traditional Bitcoin mining model is becoming obsolete.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Riot Platforms sold 3778 BTC for $289.5 million in the first three months of 2026. The average sale price was $76,626 per coin.<\/p>\n","protected":false},"author":1,"featured_media":95885,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"Riot Platforms sold 3778 BTC for $289.5 million in early 2026.","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[480,1137,1186],"class_list":["post-95884","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin-price","tag-cryptocurrency-mining","tag-riot-platforms"],"aioseo_notices":[],"amp_enabled":true,"views":"41","promo_type":"1","layout_type":"1","short_excerpt":"Riot Platforms sold 3778 BTC for $289.5 million in early 2026.","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/95884","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=95884"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/95884\/revisions"}],"predecessor-version":[{"id":95886,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/95884\/revisions\/95886"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/95885"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=95884"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=95884"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=95884"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}