Riot Platforms Reports $167.2 Million in First-Quarter Revenue, With AI Data Center Unit Posting Initial Sales
Uk Jin
Summary
- Riot Platforms said first-quarter total revenue came to $167.2 million.
- Bitcoin mining revenue totaled $111.9 million, but declined from a year earlier as production fell and average prices dropped.
- The new data center business accounted for about 20%% of total revenue at $33.2 million, while the stock rose 7.88%% to close at $17.24.
Forecast Trend Report by Period
Riot Platforms reported first-quarter results.
The Block reported on May 1 that Riot Platforms posted total revenue of $167.2 million for the first quarter.
Revenue from its core Bitcoin mining business was $111.9 million. Mining revenue declined from a year earlier as Bitcoin production fell and average prices dropped.
The newly added data center business accounted for about 20% of total revenue, helping support overall results. Riot Platforms recorded $33.2 million in first-quarter revenue from the data center segment.
Riot Platforms closed up 7.88% at $17.24 in the previous session. The stock gained another 2.67% in after-hours trading.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
