Riot Platforms Q3 net income drops 96% to $4,034

Bitget2026/11/04 12:36

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Riot Platforms’ third-quarter 2026 net income fell 96% year-over-year to $4,034, while revenue rose to $181.4 million.
Bitcoin Mining revenue dropped 28% to $116 million, primarily driven by a lower average bitcoin price.
Engineering revenue more than doubled to $47 million, driven by strong third-party data center demand for custom electrical equipment.
Data Center revenue reached $18.4 million, reflecting the first full quarter of the stabilized capacity delivered to AMD.
A new Corsicana lease with a leading Frontier AI Lab covers 910 MW of critical IT capacity and approximately $28 billion in contracted revenue.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Riot Platforms Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202611040730PRIMZONEFULLFEED9869951) on November 04, 2026, and is solely responsible for the information contained therein.

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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Riot Platforms Q3 net income drops 96% to $4,034

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