Riot Platforms' Q1 2026: Data Centers Boost Revenue

Riot Platforms Q1 2026 earnings show a mixed bag: a new data center arm brought in $33.2M, while Bitcoin mining revenue dipped to $111.9M from $142.9M last year. Lower Bitcoin prices and increased global hash rate impacted mining, with Riot mining 1,473 coins at a cost of $44,629 per coin. Despite challenges, CEO Jason Les hailed this quarter as a turning point, with AMD doubling their deal to 50 megawatts. Riots Bitcoin holdings stand at 15,679, worth $1.1B, and they had $282.5M in cash. Stock surged 7.31% to $18.50, though it dipped after hours. This move aligns with the broader trend of Bitcoin miners pivoting to AI data centers for steadier cash flow. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:advertise@thednn.ai This is an automated, high-level news summary based on public reporting.Report issues to feedback@thednn.ai. View sources & latest updates:https://sources.thednn.ai/76659fb0fed9cef6