Riot Platforms reported first-quarter 2026 revenue of $167.2 million. This compares to $161.4 million in the same quarter last year.
summary
- Riot generated revenue of $167.2 million in the first quarter, with data center income reaching $33.2 million.
- AMD has doubled Riot’s contracted data center capacity to 50 MW after exercising an option.
- Riot sold 3,778 BTC in the first quarter and later transferred another 500 BTC to NYDIG.
The company produced 1,473 Bitcoin during the quarter. This was less than the 1,530 bitcoins produced in the first quarter of 2025.
Riot control registered First quarter data center revenue of $33.2 million. The amount included $0.9 million in operating lease income and $32.2 million in tenant onboarding services.
This quarter marks Riot’s transformation into a revenue-generating data center operator, CEO Jason Lees said. “The first quarter of 2026 represents a definitive inflection point for Riot,” he said.
AMD doubles contracted capacity
Riot said AMD has exercised an option for another 25 megawatts of capacity. This brings the total contracted capacity between AMD and Riot to 50 MW of critical IT capacity.
Lees said AMD’s expansion “validates” Riot’s ability to provide capacity to large tenants. The company said it now plans to use its certified energy portfolio to grow its data center business.
Bitcoin sales continue amid mining pressures
Riot’s bitcoin mining revenue fell to $111.9 million from $142.9 million the previous year. The company linked this decline to the decline in average Bitcoin prices and the rise in the global network hash rate.
The average cost of Bitcoin mining, excluding depreciation, rose to $44,629. Riot said this was due in part to a 24% increase in the average hash rate of the global network.
Riot too It has been detected It sold 3,778 bitcoins in the first quarter of 2026. The sales generated revenue of $289.5 million.
Data on the chain quote By Lookonchain showed that Riot later sent another 500 BTC to the NYDIG deposit address. The transfer value amounted to approximately $39 million at the time of preparing this report.
Riot stock rises after results
Riot ended the quarter with 15,679 BTC. Of this amount, 5,802 BTC were held as collateral. The value of total Bitcoin holdings was estimated at approximately US$1.1 billion based on the March 31 Bitcoin price of US$68,222.
The company also has $282.5 million in cash, including $76.9 million in restricted cash. Riot shares closed at $17.24 on Thursday after rising 7.9% during the session.
