%{{tag.tag}} {{articledata.title}} {{moment(articledata.cdate)}} @{{articledata.company.replace(" ","")}} comment Cryptoprowl / Riot Platforms (NASDAQ: $RIOT ) said first-quarter revenue rose to $167.2 million, with its new data center business contributing $33.2 million as the bitcoin miner continues to reposition itself around high-density computing infrastructure. The company also said AMD exercised an option for an additional 25 megawatts at Riot’s Rockdale data center site, bringing AMD’s total contracted capacity to 50 megawatts of critical IT load. Riot’s results show how quickly its business mix is starting to change. Bitcoin mining still generated the largest share of revenue at $111.9 million, but that was down from $142.9 million a year earlier as lower average bitcoin prices and higher global network hash rate pressured mining economics. Data center revenue, by contrast, is now a live contributor rather than a future-plan item, giving Riot another way to use its power portfolio as demand for AI and compute capacity keeps rising. The company mined 1,473 bitcoin during the quarter, down slightly from 1,530 in the same period last year. The average cost to mine one bitcoin, excluding depreciation, rose to $44,629 from $43,808, with higher network difficulty partly offset by a sharp increase in power credits. Riot ended the quarter with 15,679 BTC, valued at about $1.1 billion based on a March 31 bitcoin price of $68,222, and $282.5 million in cash. CEO Jason Les called the quarter a “definitive inflection point” for Riot, saying the company has officially become an active, revenue-generating data center operator. He said AMD’s expansion validates Riot’s ability to deliver at institutional scale, while pointing to secured power, development expertise and financial resources as the base for future growth. For Riot, the quarter makes the strategic shift clearer: mining remains central, but the company is increasingly trying to turn power access and large-scale site control into a broader digital infrastructure business. Riot Platforms Inc. (NASDAQ: RIOT) stock is currently sitting at $17.24 U.S. per share. Bitcoin (CRYPTO: $BTC ) is trading at $76,299 U.S. per digital token.