Earnings Releases·Nov 4, 2026, 7:30 AM ET

Riot Platforms — Third Quarter 2026 Earnings Summary

Total revenue increased 1% year-over-year to $181.4 million, driven by a 146% surge in Engineering revenue to $47.0 million and a 16% rise in Bitcoin production to 1,637 coins, though Bitcoin Mining revenue fell 28% to $116.0 million due to lower average prices; Net income declined to $4.034 million from $104.480 million in the prior year quarter.
Secured a historic 15-year triple-net lease with a Frontier AI Lab for the Corsicana campus, covering 910 MW of capacity with a contract value of approximately $28 billion (potentially $54 billion with extensions), while total contracted data center capacity reached 1,151 MW representing ~$38 billion in long-term revenue.
Strengthened balance sheet with $950.2 million in cash and Bitcoin, fully repaid the $200 million Coinbase credit facility, and confirmed no equity issuance in 2026, with capital allocation directed toward the development pipeline or shareholder returns based on value creation.
Reduced cost to mine Bitcoin to $39,265 (excluding depreciation) and generated $24.7 million in power curtailment credits, while the Rockdale 25 MW AMD site stabilized to deliver its first full quarter of revenue.