Riot Platforms reports Q1 revenue up 4% to $167M; AMD doubles data center lease to 50 MW

Filed April 30, 2026 · Period ending April 30, 2026 · ~2 min read

Key Changes

• high

  AMD exercised option to expand data center capacity from 25 MW to 50 MW, with total contract value of $636M and estimated NOI of $510M over 10 years; AMD retains options for additional 150 MW bringing potential total to 200 MW

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  Q1 2026 revenue rose 4% YoY to $167.2M, driven by first-time data center revenue of $33.2M (91% gross margin) offsetting bitcoin mining revenue decline to $111.9M from $142.9M

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• high

  Mined 1,473 bitcoin at average cost of $44,629 per coin (excluding depreciation), down 4% YoY in production due to 24% increase in global network hash rate; power curtailment credits rose 169% to $21.0M

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