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Riot Platforms produces 1,473 bitcoin in first quarter
Riot Platforms (NASDAQ:RIOT) announced a 4% year-over-year decrease in Q1 2026 bitcoin production, totaling 1,473 coins, but sold 3,778 bitcoin for $289.5 million. The company’s deployed hash rate increased by 26%, and it generated $21.0 million in power credits due to demand response programs. Despite stock declines, Riot Platforms is expanding into data center development and is considered undervalued by InvestingPro analysis, even as analysts have adjusted price targets following Q4 2025 earnings.