Riot Platforms, Inc.

Riot Platforms reported Q1 2026 revenue of $167 million (+3.61% YOY) and a net loss of $500 million ($1.44/share) driven by $326.7 million in Bitcoin MTM losses, while launching its data center segment with $33.2 million in revenue including $900,000 in operating lease income at 91% margin from the initial AMD delivery. AMD exercised its 25 MW expansion option, doubling total contracted capacity to 50 MW with $636 million in TCV and $51 million average annual NOI, while management consolidated the Corsicana building design to a single 168 MW standard (up from 112 MW across two buildings) at the same CAPEX, raising total campus capacity to 756 MW. The company funded all growth without equity issuance, reduced mining costs 26% to $44,629/BTC, and grew hash rate to 42.5 EH/s while evaluating over 100 power pipeline opportunities across four growth avenues.