---
title: "Second-Largest Bitcoin Miner Riot Sells 10,599 BTC in Q3, Holdings Drop Nearly 79% from End of June"
url: https://thecoingazette.com/second-largest-bitcoin-miner-riot-sells-10599-btc-in-q3-holdings-drop-nearly-79-from-end-of-june/
date: 2026-11-04
modified: 2026-11-04
lang: en
author: "Coin Gazette Editorial"
description: "Riot Platforms, the second-largest publicly listed Bitcoin mining company, sold 10,599 Bitcoin in th..."
categories:
  - "Crypto News"
tags:
  - "crypto"
  - "cryptocurrencies"
  - "Defi"
  - "Market Trends"
  - "News"
word_count: 151
---

# Second-Largest Bitcoin Miner Riot Sells 10,599 BTC in Q3, Holdings Drop Nearly 79% from End of June

Riot Platforms, the second-largest publicly listed Bitcoin mining company, sold 10,599 Bitcoin in the third quarter, reducing its holdings from 11,380 at the end of June to 2,418 at the end of September, a decline of nearly 79%. In the first nine months of the year, Riot sold a total of 20,264 BTC for approximately $1.5 billion, primarily to fund data center construction.The company reported third-quarter revenue of $181 million, up 1% year-over-year, with net income of $4.03 million, compared with $104 million in the same period last year. Bitcoin mining revenue was $116 million, down about 28% year-over-year. Riot also signed a 15-year data center lease agreement with an unnamed leading AI lab for 910 MW of IT capacity, with an initial contract value of approximately $28 billion. The company has now contracted a total of 1,151 MW of data center capacity, with long-term contract revenue of about $38 billion.