Riot Platforms

Bitcoin mining remains Riot's core revenue driver. As of March 31, 2026, the company reported an operating hashrate of 36.40 EH/s and an installed hashrate of 42.50 EH/s, according to BitcoinMiningStock.io data. Monthly production reached 491 BTC in March 2026, up from 460 BTC in December 2025 and 428 BTC in November 2025. Riot's treasury held 15,680 BTC as of March 31, 2026, including 5,802 BTC posted as collateral. The average mining cost, excluding depreciation, was $44,629 per bitcoin in Q1 2026.

Data center development spans three facilities. The Rockdale campus in Milam County, Texas carries 6 MW in operation, 56 MW under development, and 188 MW in pipeline. The Corsicana campus in Navarro County, Texas, Riot's largest project, holds 222 MW under development and 778 MW in pipeline, targeting approximately one gigawatt of total capacity at build-out. A Kentucky facility holds approximately 137 MW of developed capacity, with plans to reach 232 MW through the remainder of 2026. In January 2026, Riot signed a 25 MW data center lease with Advanced Micro Devices (AMD) at Rockdale; AMD subsequently exercised an option expanding its contracted capacity to 50 MW and retains an option on an additional 150 MW.

Riot's vertically integrated structure includes two engineering subsidiaries. ESS Metron, acquired in December 2021 for approximately $50 million in cash and stock, designs and manufactures electrical switchgear, power distribution equipment, and custom electrical systems from its Denver base, and has delivered an estimated $24 million in cumulative capital expenditure savings to Riot since acquisition. E4A Solutions, based in Houston, provides substation installation, protection relay commissioning, and electrical infrastructure lifecycle services.

Riot Platforms reported Q1 2026 revenue of $167.2 million: $111.9 million from Bitcoin mining, $33.2 million from data center operations (marking the first quarter as a revenue-generating data center operator), and $22.2 million from engineering services. CEO Jason Les, in the role since February 2021, described Q1 2026 as "a definitive inflection point." The enterprise value stands at $7.95 billion as of May 8, 2026, according to BitcoinMiningStock.io data. On May 6, 2026, Riot and Terrestrial Energy launched a collaboration to co-develop nuclear-powered data center projects at candidate sites including Riot's existing Texas and Kentucky locations, while Corsicana's 778 MW pipeline remains under formal AI/HPC evaluation.