PANews reported on April 3 that, according to PRNewswire, Nasdaq-listed Bitcoin mining company Riot Platforms released its unaudited production and operations update for the first quarter of 2026. The report disclosed that the company mined 1,473 BTC in the quarter and sold 3,778 BTC at an average price of $76,626, generating a net profit of $289.5 million. As of the end of the first quarter, the company's total Bitcoin holdings decreased to 15,680 BTC.

Previous analysis suggested that Riot Platforms' recent sale of Bitcoin could further exacerbate the sell-off by listed Bitcoin mining companies. Another Bitcoin mining company, MARA Holdings, also disclosed that it sold approximately $1.1 billion worth of Bitcoin in March to repurchase convertible bonds at a discount. Recently, several listed Bitcoin mining companies have cumulatively sold more than 15,000 Bitcoins to balance operational and investment needs.