Riot Platforms
Coverage of Riot Platforms in the Nexus archive.
- JPMorgan: Bitcoin Mining Costs Have ‘Worsened’ as BTC Trades Below Production Cost
JPMorgan analysts state Bitcoin has traded below its estimated $78,000 production cost for five consecutive months, causing roughly 20% of miners to operate unprofitably. Publicly listed miners sold a record 32,000 bitcoin in Q1 2026 to fund operations, with mining difficulty and hashrate showing heightened sensitivity to price declines.
- Riot posts $167M in Q1 revenue as data center arm pulls in $33M in first quarter
Riot Platforms reported $167.2 million in Q1 2026 revenue, with its new data center business contributing $33.2 million as Bitcoin mining income declined.
- Riot Platforms Stock Pops as Bitcoin Miner Reports Data Center Revenue, Doubled AMD Deal
Riot Platforms' stock increased as the Bitcoin mining company reported its first data center revenue from pivoting to AI infrastructure hosting, with AMD expanding its capacity. The company's partnership with AMD has doubled, contributing to the revenue growth.
- Riot reports $33 million in first data center revenue as AMD doubles contracted capacity
Riot Platforms generated $33 million in first-quarter data center revenue, primarily from lower-margin fit-out projects, while AMD expanded its contracted capacity by doubling its commitment. Recurring leases contributed less significantly to the revenue.
- Bitcoin Mining Stocks vs. Strategy
Bitcoin surged today, with mining stocks like Cleanspark, Riot Platforms, and Keel Infrastructure rising about 5%, while Strategy stock climbed 10%. The article questions whether to invest in Bitcoin mining stocks transitioning to AI data centers or in Strategy, noting Strategy's potential but uncertainty about the mining stocks.