Riot Platforms Reports $167 Million Q1 Revenue, Data Center Business Contributes for the First Time

On May 1, publicly traded cryptocurrency mining company Riot Platforms announced its financial and operational highlights for the first quarter of 2026. The data shows that the company’s total revenue for the quarter reached $167 million, with its newly expanded data center business performing well, contributing $33.2 million for the first time. In terms of production, the company mined a total of 1,473 bitcoins during the quarter, with an average mining cost of approximately $44,600 per bitcoin. In infrastructure expansion, partner AMD has exercised its option to add 25 megawatts of capacity, increasing Riot’s contracted hash rate to 50 megawatts. In its strategic outlook, the company emphasized its ongoing transition to a data center operator role. By the end of the quarter, Riot still held a strong reserve of approximately 15,679 bitcoins.