Quarterly ResultApr 30, 2026, 05:08 PM
RIOT Q1 Net Loss $(500.5)M; Launches Data Center Segment with AMD Lease
AI Summary
Riot Platforms, Inc. reported a net loss of $(500.5) million for the first quarter of 2026, a significant increase from the $(296.4) million loss in Q1 2025, despite total revenue growing to $167.2 million. The company launched a new Data Center operating segment, driven by a long-term lease agreement with AMD at its Rockdale Facility, which contributed $33.2 million in revenue. This strategic move aims to diversify revenue streams by leveraging its power assets for high-density compute workloads.
Key Highlights
- Net loss widened to $(500.5) million in Q1 2026 from $(296.4) million in Q1 2025.
- Total revenue increased to $167.2 million in Q1 2026 from $161.4 million in Q1 2025.
- Launched new Data Center segment, generating $33.2 million revenue in Q1 2026.
- Secured long-term data center lease with AMD for 25 MW, expandable to 200 MW.
- Bitcoin Mining revenue decreased to $111.9 million in Q1 2026 from $142.9 million in Q1 2025.
- Engineering revenue increased to $22.2 million in Q1 2026 from $13.9 million in Q1 2025.
- Cash and cash equivalents were $205.7 million as of March 31, 2026.
- Held 15,679 Bitcoin as of March 31, 2026.