Riot Platforms Reports $33.2 Million First Data Center Revenue
Riot Platforms achieved a major milestone in Q1 2026 by generating $33.2 million in its first data center revenue. This marks successful progress in diversifying beyond Bitcoin mining into AI and high-performance computing.
AMD Doubles Contracted Capacity to 50 MW
AMD expanded its deal with Riot, doubling contracted capacity from 25 MW to 50 MW. The first 5 MW is already live and generating revenue, with more capacity expected in Q2. The agreement also includes options for up to 200 MW.
Bitcoin Mining Revenue and Holdings
Riot reported total revenue of $167.2 million, with $111.9 million from Bitcoin mining. The company sold 3,778 BTC and currently holds 15,679 BTC worth nearly $1.2 billion, ranking as the seventh-largest public Bitcoin holder.
Expansion Plans and Future Outlook
Riot is expanding its Rockdale and Corsicana facilities to support AI and hyperscaler customers. The company also appointed experienced executive Adam Black to lead data center operations. Shares rose 7.9% to close at $17.24 following the announcement.
