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Riot is a Solana-based betting platform that allows players to bet on games, props, parlays, fantasy, memecoins, and any competition.
Riot Platforms deposited 500 BTC to NYDIG 5 hours ago
According to on-chain analytics platform Lookonchain (@lookonchain), Riot Platforms continues selling BTC and deposited another 500 BTC—worth approximately $38.24 million—to NYDIG five hours ago.
Riot Platforms deposited another 500 BTC to NYDIG six hours ago, valued at approximately $38.95 million.
According to on-chain analytics platform Lookonchain (@lookonchain), mining company Riot Platforms deposited another 500 BTC—worth approximately $38.95 million—to NYDIG six hours ago, continuing its sell-off.
Publicly traded Bitcoin mining companies sold over 32,000 BTC in Q1 2026—more than the entire year of 2025
According to Cointelegraph, publicly listed Bitcoin mining companies collectively sold over 32,000 BTC in Q1 2026—exceeding their total sales for all of 2025 and setting a new quarterly record. Data from TheMinerMag indicates that the relevant companies include MARA, CleanSpark, Riot, Cango, Core Scientific, and Bitdeer. The report also notes that the current miner hash price stands at approximately $33 per PH/s per day—below the breakeven level of roughly $35 per PH/s per day for some mining firms. Additionally, according to CryptoQuant data, Bitcoin miners’ reserves have declined from over 1.86 million BTC in 2023 to approximately 1.8 million BTC.
Riot Platforms Q1 Data Center Revenue Reaches $33.2 Million, AMD Contract Capacity Doubles
according to financial data released by Riot Platforms, the company recorded $33.2 million in data center revenue for the first time in the first quarter. A significant portion of this revenue came from lower-margin tenant retrofitting services, which involve procuring and installing specific equipment for clients. Notably, AMD has chosen to exercise its option to double its contracted capacity from 25 MW to 50 MW, with the possibility to further expand to 200 MW in the future. Currently, 5 MW of capacity related to the AMD deal has been delivered and is generating revenue, with the remaining initial capacity expected to come online in the second quarter. Additionally, Riot Platforms reported total revenue of $167.2 million for the first quarter, with its core Bitcoin mining business contributing $111.9 million. The company currently holds 15,679 Bitcoins (valued at approximately $1.2 billion), making it the world's seventh largest public holder of Bitcoin. (The Block)
Riot Executives Departure Impacts AI Transformation, Stock Price Drops 6%
Odaily News Riot Platforms' data center head, Jonathan Gibbs, has left the company after less than a year in the role, dealing a setback to the company's transformation towards AI and high-performance computing (HPC). The company's stock price fell approximately 6% on the day of the announcement.Gibbs joined in 2025, tasked with leading Riot's shift from traditional Bitcoin mining to AI and hyperscale data center operations. The reasons for his departure have not been disclosed, and his unvested stock awards (worth approximately $18.7 million) have been forfeited.Despite the short-term uncertainty brought by this personnel change, Riot had previously initiated its transformation. This includes partnering with AMD to build data centers and beginning to leverage its power resources to undertake AI computing business, generating some revenue conversion.To support infrastructure investments, the company has concurrently reduced its Bitcoin holdings. In Q1 2026, it sold approximately 3,778 BTC, raising about $290 million.Market observers believe Riot is at a critical stage of its dual-track transformation of "mining + AI computing power." While executive changes may affect the execution pace, the long-term direction will ultimately depend on its ability to successfully implement its data center business.
Related news
AMD Expands Texas Data Center Capacity, Riot Platforms Stock Rises 8%
Bitcoin News posted on X platform, stating that after AMD expanded its capacity at the Rockdale, Texas site, Riot Platforms' stock rose by 8%. This move highlights Riot's transition from Bitcoin mining to AI data centers.
Riot Platforms Q1 Data Center Revenue Reaches $33.2 Million, AMD Contract Capacity Doubles
according to financial data released by Riot Platforms, the company recorded $33.2 million in data center revenue for the first time in the first quarter. A significant portion of this revenue came from lower-margin tenant retrofitting services, which involve procuring and installing specific equipment for clients. Notably, AMD has chosen to exercise its option to double its contracted capacity from 25 MW to 50 MW, with the possibility to further expand to 200 MW in the future. Currently, 5 MW of capacity related to the AMD deal has been delivered and is generating revenue, with the remaining initial capacity expected to come online in the second quarter. Additionally, Riot Platforms reported total revenue of $167.2 million for the first quarter, with its core Bitcoin mining business contributing $111.9 million. The company currently holds 15,679 Bitcoins (valued at approximately $1.2 billion), making it the world's seventh largest public holder of Bitcoin. (The Block)
Riot Platforms deposited 500 BTC to NYDIG 5 hours ago
According to on-chain analytics platform Lookonchain (@lookonchain), Riot Platforms continues selling BTC and deposited another 500 BTC—worth approximately $38.24 million—to NYDIG five hours ago.
Riot Amends $200M Bitcoin-Backed Credit Line Terms with Coinbase
Odaily Bitcoin mining firm Riot Platforms has amended its $200 million bitcoin-backed credit agreement with Coinbase, switching the floating interest rate linked to the U.S. Federal Funds Rate to a fixed annual interest rate, and introducing a two-day consecutive trigger mechanism to reduce the impact of short-term bitcoin price volatility on margin calls and forced deleveraging.The new agreement was signed on April 21, 2026, with an option for a one-year extension. Documents show that Riot sold 3,778 bitcoins in the first quarter of 2026, generating approximately $289.5 million in revenue. As of March 31, its restricted bitcoin collateral had increased to 5,802 bitcoins. (TheEnergyMag)
Riot Platforms deposited another 500 BTC to NYDIG six hours ago, valued at approximately $38.95 million.
According to on-chain analytics platform Lookonchain (@lookonchain), mining company Riot Platforms deposited another 500 BTC—worth approximately $38.95 million—to NYDIG six hours ago, continuing its sell-off.
Publicly traded Bitcoin mining companies sold over 32,000 BTC in Q1 2026—more than the entire year of 2025
According to Cointelegraph, publicly listed Bitcoin mining companies collectively sold over 32,000 BTC in Q1 2026—exceeding their total sales for all of 2025 and setting a new quarterly record. Data from TheMinerMag indicates that the relevant companies include MARA, CleanSpark, Riot, Cango, Core Scientific, and Bitdeer. The report also notes that the current miner hash price stands at approximately $33 per PH/s per day—below the breakeven level of roughly $35 per PH/s per day for some mining firms. Additionally, according to CryptoQuant data, Bitcoin miners’ reserves have declined from over 1.86 million BTC in 2023 to approximately 1.8 million BTC.