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Publicly listed crypto mining company Riot Platforms reports $167 million in revenue for Q1, with data center business contributing revenue for the first time
BlockBeats News, May 1st, publicly traded crypto mining company Riot Platforms recently announced its financial and operational highlights for the first quarter of 2026. Data shows that the company’s total revenue for the quarter reached $167 million, with the newly expanded data center business performing well, contributing $33.2 million in revenue for the first time.
In terms of production, a total of 1,473 Bitcoin were mined this quarter, with an average cost of approximately $44.6k per Bitcoin. Regarding infrastructure expansion, partner AMD exercised its option to add 25 megawatts of capacity, increasing Riot’s contracted computing power to 50 megawatts.
The company emphasized in its strategic outlook that it is continuously transitioning toward a data center operator role. By the end of the quarter, Riot still held a strong reserve of approximately 15,679 Bitcoin.