Riot Platforms, one of the largest publicly traded Bitcoin miners, sold 4,300 BTC during the second quarter to help fund operations and its expanding data center business, according to the company’s latest earnings report.

What Riot Still Holds

Despite the sale, Riot still holds a substantial Bitcoin treasury. Riot still holds 11,380 BTC, worth close to $666 million at the June 30 price, based on Bitcoin’s closing price of $58,527 that day. Of that total, 5,821 BTC is currently pledged as collateral. The company ended the quarter with more than $1.2 billion in total liquid assets, including $548.9 million in cash, of which $77.5 million remains restricted.

Mining Output Rose, But Revenue Fell

Riot mined 1,587 BTC in Q2,…