Riot reports $33 million in first data center revenue as AMD doubles contracted capacity
The Block
Riot Platforms posted its first data center revenue of $33.2 million while expanding its strategic partnership with AMD to 50 megawatts.Summary
Riot Platforms reported $33.2 million in maiden data center revenue for the first quarter, marking a strategic shift toward AI and hyperscale infrastructure. A significant portion of this growth stems from an expanded agreement with AMD, which has doubled its contracted capacity to 50 megawatts. While Bitcoin mining remains Riot's core operation, contributing $111.9 million in revenue, the company is actively diversifying its portfolio and expanding its Rockdale and Corsicana sites to accommodate new data center clients.
(Source：The Block)