Riot's data center revenue reached $33.2 million in the first quarter, and AMD's contracted capacity expanded to 50 megawatts.

CoinFeed reported on May 1st that Riot Platforms released its Q1 2026 financial report, showing that the company achieved its first-ever revenue of $33.2 million from its data center business, accounting for approximately 20% of total revenue. This marks a significant step forward in its transformation from Bitcoin mining to AI, data center, and hyperscale customer service. The report shows that Riot's total revenue for Q1 was $167.2 million, with its core Bitcoin mining business contributing $111.9 million, a year-on-year decline due to lower Bitcoin production and average price. The company sold 3,778 BTC during the quarter and currently holds 15,679 BTC, worth nearly $1.2 billion at current prices, making it the seventh-largest publicly traded Bitcoin holder globally.