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    3. Riot Platforms Sells 9,665 BTC for $730 Million

    Riot Platforms Sells 9,665 BTC for $730 Million

    By: www.tokenpost.kr|2026/08/18 03:41:20
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    Riot Platforms has liquidated approximately 9,665 Bitcoin (BTC) in the first half of 2026, generating around $732 million (approximately 1.35 trillion KRW). The publicly listed mining company is utilizing its held BTC as operational funds and for data center conversion resources. According to Lookonchain, Riot Platforms' average selling price in the first half was about $75,785, consistent with the performance data from Q1 and the changes in holdings in Q2. In Q1, Riot sold 3,778 BTC, securing $289.5 million (approximately 409.4 billion KRW), and by the end of Q2, its holdings decreased to 11,380 BTC. The BTC production in Q2 was 1,587 BTC, with Bitcoin mining revenue totaling $113.7 million (approximately 160.8 billion KRW). The company reported that its Q2 revenue, including data center sales, reached $174.2 million (approximately 246.3 billion KRW), marking a 14% increase compared to the same period last year. Riot Platforms is expanding its AI data center leasing business and has signed a lease agreement for a data center with a capacity of 191 megawatts. The total revenue from the initial contract period is expected to reach approximately $9.1 billion (around 12.87 trillion KRW).

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