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Riot Platforms: power cost and cost per bitcoin, 2026

Energy from Riot's stated all-in power cost per kWh. Power is net of curtailment and demand-response credits, shown gross too. Energy derived from a rate the company states.

Cost per kWh, quarter by quarter

PeriodEnergy (MWh)Power ¢/kWhAll-in ¢/kWhLoaded ¢/kWh
Q1 20261,709,8003.0¢3.8¢5.3¢
Q2 20261,762,3613.6¢4.5¢6.2¢
H1 20263,472,1613.3¢4.2¢5.8¢

What a bitcoin cost them

PeriodBitcoin minedPower $/BTCAll-in $/BTCLoaded $/BTCRevenue $/BTC
Q1 20261,473$34,800$44,600$61,400$76,000
Q2 20261,587$40,000$49,900$69,000$71,700
H1 20263,060$37,500$47,400$65,400$73,700

The hardware

PeriodDepreciationImpairmentsSpending on machines
Q1 2026$76.1m$0m$23.5m
Q2 2026$64.6m$28m$25.2m
H1 2026$140.7m$28m$48.7m

Full analysis, with every filing linked · All public miners

This is our analysis of the company's public filings, not an audit in the accounting sense, and it is not investment advice. Mining output depends on bitcoin's price, difficulty and uptime, and isn't guaranteed.