Riot Q1 revenue $167.2M as new data‑center business drives $33.2M while core Bitcoin mining revenue falls to $111.9M; sold >$250M of BTC and holds 15,679 BTC
first published 2026-05-02T07:00:00Z
Riot Platforms reported $167.2M in Q1 2026 revenue, with its new data‑center arm contributing $33.2M and engineering/infrastructure services $22.2M. Core Bitcoin mining revenue declined to $111.9M (from $142.9M year‑ago) as Riot produced 1,473 BTC and average cost to mine rose to $44,629. Riot sold over $250M of BTC during the quarter, held 15,679 BTC (~$1.1B value as of March 31), maintained $282.5M in cash, and saw AMD exercise an option to double contracted data‑center capacity to 50 MW. The stock jumped 7.31% on the release, and the article notes an industry shift toward AI/data‑center infrastructure.
AI Analysis
Concrete, market‑moving facts: total revenue $167.2M with $33.2M from the new data‑center unit; core mining revenue down to $111.9M and BTC production at 1,473; cost to mine averaged $44,629; Riot sold over $250M of BTC and held 15,679 BTC; AMD doubled contracted capacity to 50 MW; the stock rose 7.31% on the report. These are objective metrics that justify a modestly positive view on Riot’s diversification but also flag mining headwinds and material BTC sales.
Expected Investor Sentiment: Neutral
Potential Market Impact: Significant
