RIOT adds Data Center segment with AMD leases, sells 3,778 BTC for $289.5M as mining margins compress

Filed April 30, 2026 · Period ending March 31, 2026 · Compared to 10-Q May 1, 2025 · ~2 min read

Key Changes

• high

  Launched Data Center segment with $33.2M Q1 revenue from AMD's 10-year lease (25 MW, expandable to 200 MW at Rockdale). Segment now represents 20% of total revenue, diversifying beyond bitcoin mining.

  MD&A: Data Center segment emergence verify on EDGAR →
• high

  Sold 3,778 bitcoin for $289.5M to fund operations as bitcoin price fell 17.3% year-over-year ($82,535 to $68,223 average). Cash cost to mine one bitcoin rose to 58.8% of production value (from 46.9%), compressing margins despite 21% lower power costs.

  MD&A: Bitcoin sales & mining margins verify on EDGAR →
• high

  Net loss widened 69% to $500.5M ($296.4M prior year) driven by $326.7M bitcoin fair-value loss (vs. $208.0M), $51.9M derivative loss (vs. $41.9M gain), and lower mining revenue. Adjusted EBITDA loss expanded 76% to $311.1M.

  MD&A: Net loss & Adjusted EBITDA verify on EDGAR →