Riot Platforms
RIOT · NASDAQMinerHighUSA
BTC held
11,380
as of Jun 30, 2026 · 0.054% of 21M
Value now
$885M
at BTC $77,799
Basic mNAV
8.02×
mkt cap $7.1B as of Aug 29, 2026
Sats per share
3,033
375M shares as of Aug 7, 2026
Cost basis
- Average cost per BTC
- —
- Total invested
- —
- Unrealized gain
- —
Treasury debt
- 0.75% Convertible Senior Notes due 2030; carried at $583.7M net of issuance costs at 6/30/26 (per Q2 2026 10-Q). Separately, a $200M bitcoin-backed credit facility is secured by pledged BTC (5,821 BTC held as collateral at 6/30/26), and a non-recourse $573M interim credit facility with Morgan Stanley (SOFR+2.75%) funds AI data-center equipment, not BTC. · 0.75%$594M · due 2030
Recent activity
Riot abandoned pure HODL in 2026, selling 3,778 BTC for $289.5M (avg ~$76,626) in Q1 and roughly 4,300 BTC in Q2 to fund operations and data-center expansion, ending June 30, 2026 with 11,380 BTC (~$666M at $58,527/BTC), of which 5,821 were pledged as collateral. On Aug 10, 2026 it announced a 20-year, 191 MW AI data-center lease at Rockdale worth ~$9.1B in contract revenue.
Risk notes
Holdings are shrinking as BTC is liquidated to fund the AI/HPC pivot (Q2 2026 net loss of $237.2M; mining cost ~$49,912/BTC ex-depreciation vs depressed BTC prices), and over half the stack (5,821 BTC) is encumbered as loan collateral; $594.4M of converts mature in 2030.
Sources
- https://www.riotplatforms.com/riot-platforms-reports-second-quarter-2026-financial-results-and-strategic-highlights/
- https://www.sec.gov/Archives/edgar/data/1167419/000110465926093448/riot-20260630x10q.htm
- https://www.stocktitan.net/news/RIOT/
- https://www.crowdfundinsider.com/2026/04/270948-riot-platforms-offloads-3778-bitcoin-at-76626-avg-as-crypto-mining-firms-accelerate-btc-liquidations/
- https://bitcointreasuries.net/public-companies/riot
Figures are compiled from public disclosures and may lag. This page is information, not investment advice or a recommendation regarding RIOT securities.