Listed Crypto Mining Firm Riot Blockchain's Q1 Revenue Reaches $167 Million, Data Center Business Contributes to Revenue for the First Time
BlockBeats News, May 1st – Cryptocurrency mining company Riot Blockchain, listed on the exchange, recently released its first-quarter 2026 financial and operational highlights. The data shows that the company's total revenue for the quarter reached $167 million, with the newly expanded data center business performing well, contributing $33.2 million in revenue for the first time.
In terms of output, a total of 1,473 bitcoins were mined this quarter, with a comprehensive mining cost per coin of approximately $44,600. In terms of infrastructure expansion, partner AMD has exercised its option to add 25 megawatts of capacity, expanding Riot's contracted hashrate to 50 megawatts.
In its strategic outlook, the company emphasized its ongoing transition to a data center operator role. As of the end of the quarter, Riot still held a strong reserve of approximately 15,679 bitcoins.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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