Riot Platforms reported total revenue of $174.2 million for the second quarter 2026, a 14% increase year-over-year, as the company expanded its data center and engineering segments. The company reported a net loss of $237.2 million, or $0.68 per diluted share, largely impacted by non-cash charges and Bitcoin price fluctuations, while maintaining a robust liquidity position of $1.2 billion.
Key Highlights
- Secured a 20-year data center lease with a leading frontier AI lab for 191 MW of capacity, projected to generate $9.1 billion in initial contract revenue.
- Data center revenue reached $23.2 million, reflecting the commissioned delivery of the initial 25 MW to AMD and associated fit-out services.
- Bitcoin mining operations produced 1,587 tokens at an average cost to mine of $49,912, as the company’s operating hash rate expanded to 44.4 EH/s.