Riot Posts $167M in Q1 Revenue as Data Center Arm Pulls in $33M
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Cointelegraph
Riot Platforms reported $167.2 million in Q1 revenue, bolstered by a new data center business that helped offset declining Bitcoin mining income.Summary
Riot Platforms generated $167.2 million in revenue for the first quarter of 2026, with a new data center segment contributing $33.2 million. This diversification helped mitigate a downturn in Bitcoin mining revenue, which fell to $111.9 million due to lower Bitcoin prices and a higher network hash rate. CEO Jason Les highlighted the segment's growth, noting that AMD increased its contracted capacity to 50 megawatts. Additionally, the company holds approximately $1.1 billion in Bitcoin and continues to expand its infrastructure services as part of a broader industry shift toward AI-focused data centers.
(Source：Cointelegraph)