Riot Platforms Reports $33.2M Data Center Revenue in Q1 2026, AMD Doubles Contracted Capacity to 50MW

Bitcoin miner Riot Platforms reported $33.2 million in data center revenue during Q1 2026, marking its first quarter generating income from AI infrastructure hosting. According to CEO Jason Les, the milestone represents "a definitive inflection point for Riot, as we officially transitioned into an active, revenue-generating data center operator."

Technology giant AMD exercised its option to double contracted capacity to 50 megawatts during the quarter, validating Riot's execution at institutional scale. Riot's stock (RIOT) surged 9% on the day to $18.74 and has climbed 49% over the past 30 days, per Yahoo Finance. Total quarterly revenue reached $167.2 million, though Bitcoin mining revenue declined to $111.9 million from $142.9 million year-over-year due to lower prices and increased network difficulty.