Episode Details

Riot Platforms Q1 2026 earnings show a mixed bag: a new data center arm brought in $33.2M, while Bitcoin mining revenue dipped to $111.9M from $142.9M last year. Lower Bitcoin prices and increased global hash rate impacted mining, with Riot mining 1,473 coins at a cost of $44,629 per coin. Despite challenges, CEO Jason Les hailed this quarter as a turning point, with AMD doubling their deal to 50 megawatts. Riots Bitcoin holdings stand at 15,679, worth $1.1B, and they had $282.5M in cash. Stock surged 7.31% to $18.50, though it dipped after hours. This move aligns with the broader trend of Bitcoin miners pivoting to AI data centers for steadier cash flow.

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