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Riot Platforms' total quarterly revenue reached $167.2 million in Q1 2026, up from $161.4 million year-over-year.
Riot Platforms generated $33.2 million in data center revenue in its first quarter operating as an AI infrastructure host.
KEY POINTS
- AMD exercised an option to double Riot’s contracted data center capacity to 50 megawatts during Q1 2026.
- Bitcoin mining revenue for Riot fell sharply to $111.9 million due to lower Bitcoin prices and higher network difficulty.
- Engineering and infrastructure services revenue rose to $22.2 million, up from $13.9 million year-over-year.
- Riot’s strategic shift now positions it as both a Bitcoin miner and a data center operator for AI workloads.
COMPANIES
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