![\"Riot](\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9wYXlsb2FkLmx1bS10cmkub3JnL2FwaS9hcnRpY2xlLWNvdmVycy9maWxlL0hJJTIwV2hhdCUyMGlzJTIwV2VhbHRoZnJvbnQlMjBhbmQlMjBob3clMjBpdCUyMHdvcmtzJTIwKDEpLmpwZz9wcmVmaXg9bWVkaWElMkZhcnRpY2xlLWNvdmVycw==.jpg\")
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Riot Platforms reported $167.2 million in Q1 2026 revenue, with its new data center business contributing $33.2 million as Bitcoin mining income fell.<\/p>\n
Riot Platforms posted $167.2 million in revenue for the first quarter of 2026, with its newly launched data center business contributing $33.2 million.<\/p>\n
The data center revenue helped offset a decline in Riot\u2019s core Bitcoin mining business, which fell to $111.9 million from $142.9 million in Q1 2025, driven by lower average Bitcoin prices and a 24% rise in the global network hash rate. Riot produced 1,473 Bitcoin during the quarter, down from 1,530 a year earlier, while the average cost to mine one coin increased to $44,629 from $43,808, according<\/a> to an announcement.<\/p>\n \u201cThe first quarter of 2026 marks a definitive inflection point for Riot, as we officially transitioned into an active, revenue-generating data center operator,\u201d CEO Jason Les said, adding that AMD\u2019s decision to double its contracted capacity to 50 megawatts during the quarter validated the company’s ability to execute at institutional scale.<\/p>\n Read more<\/p>\n<\/p>\n If you liked the article, do not forget to share it with your friends. Follow us on\u00a0Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n If you want to read more News<\/a> articles, you can visit our General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n\n