BlockBeats report: On May 1, publicly traded crypto mining company Riot Platforms announced its financial and operational highlights for the first quarter of 2026. The data showed that the company’s total revenue for the quarter reached $167 million, with its newly expanded data center business performing strongly and generating $33.2 million in revenue for the first time.
In terms of production, the company mined a total of 1,473 bitcoins this quarter, resulting in an average all-in mining cost of approximately $44,600 per bitcoin. Regarding infrastructure expansion, partner AMD has exercised its option to add an additional 25 megawatts of capacity, increasing Riot’s contracted hashing power to 50 megawatts.
The company emphasized in its strategic outlook that it is continuously transitioning toward the role of a data center operator. As of the end of the quarter, Riot maintained a strong reserve of approximately 15,679 bitcoins.