Quarterly ResultApr 30, 2026, 04:01 PM
RIOT Q1 Revenue $167.2M; AMD Expands Data Center Capacity to 50 MW
AI Summary
Riot Platforms reported Q1 2026 financial results, with total revenue increasing to $167.2 million. The company announced AMD exercised an option for an additional 25 MW, expanding total contracted data center capacity to 50 MW. This marks Riot's official transition into an active, revenue-generating data center operator, with $33.2 million in Data Center revenue in its inaugural quarter for this segment.
Key Highlights
- AMD exercised option for an additional 25 MW, bringing total contracted capacity to 50 MW.
- Total revenue reached $167.2 million, up from $161.4 million in Q1 2025.
- Data Center revenue was $33.2 million in its first quarter.
- Bitcoin Mining revenue was $111.9 million for the quarter.
- Engineering revenue increased to $22.2 million from $13.9 million in Q1 2025.
- Produced 1,473 bitcoin during the quarter.
- Maintained liquidity with 15,679 bitcoin, valued at approximately $1.1 billion.
- Ended the quarter with $282.5 million of cash on hand.