Riot Platforms Reports First Quarter 2026 Financial Results and Strategic Highlights

About this update from Riot Platforms, Inc.

Quarterly revenue of $167.2 million, including $33.2 million in Data Center revenueAnnounces AMD exercise of option for an additional 25 MW, bringing total contracted capacity to 50 MW of critical IT capacity CASTLE ROCK, Colo., April 30, 2026 (GLOBE NEWSWIRE) -- Riot Platforms, Inc. (NASDAQ: RIOT) (“Riot” or “the Company”), a Bitcoin-driven industry leader in the development of large-scale data centers and bitcoin mining applications, reported financial results for the three-month period ended March 31, 2026. The accompanying presentation materials are available on Riot’s website. “The first quarter of 2026 marks a definitive inflection point for Riot, as we officially transitioned into an active, revenue-generating data center operator,” said Jason Les, CEO of Riot. “Our ongoing delivery of initial capacity to AMD, and their decision to already double their footprint with a 25 megawatt expansion, validates our ability to execute at institutional scale with the most demanding tenants. With 50 megawatts now firmly contracted with AMD, we are rapidly executing on the value creation opportunity presented by our significant, fully-approved power portfolio. We have the secured power, the in-house development expertise, and the significant financial resources required to capitalize on strong market demand with high-quality tenants in order to drive compounding shareholder value.” First Quarter 2026 Financial and Operational Highlights Key financial and operational highlights for the quarter include: Total revenue of $167.2 million, as compared to $161.4 million for the same three-month period in 2025.Produced 1,473 bitcoin, as compared to 1,530 during the same three-month period in 2025.The average cost to mine bitcoin, excluding depreciation, was $44,629 in the quarter, as compared to $43,808 per bitcoin in the same three-month period in 2025. The increase was primarily driven by a 24% increase in the average global network hash rate as compared to the same period in 2025, partially offset by a 169% increase in power credits received in first quarter 2026 compared to power credits received in first quarter 2025.Bitcoin Mining revenue of $111.9 million for the quarter, as compared to $142.9 million for the same three-month period in 2025, primarily driven by lower average bitcoin prices and an increase in global network hash rate, partially offset by an increa...

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