Riot Platforms Reports Mixed Q1

Riot reported first-quarter revenue of $167.20 million, beating analyst estimates of $130.79 million. The company reported a first-quarter loss of $1.44 per share, missing estimates for a loss of 44 cents per share, according to Benzinga Pro.

Riot said it mined 1,473 Bitcoin (CRYPTO: BTC) in the quarter, down from 1,530 year-over-year. The average cost to mine Bitcoin in the first quarter was $44,629.

Riot also generated data center revenue for the first time, reporting $33.2 million for the segment as the company continues to shift its focus from Bitcoin mining to AI infrastructure.

“The first quarter of 2026 marks a definitive inflection point for…

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