Press Releases April 1, 2026

Riot Announces First Quarter 2026 Production and Operations Updates

Riot Platforms provides Q1 2026 production update highlighting increased hash rate and power cost improvements despite slight decrease in bitcoin production.

By Priya Menon RIOT
Riot Announces First Quarter 2026 Production and Operations Updates
RIOT

Riot Platforms, Inc. reported its Q1 2026 production and operational metrics, showing a 4% decrease in bitcoin produced compared to Q1 2025, but a 26% increase in deployed hash rate and a 21% reduction in power costs. The company also highlighted significant growth in power credit revenues due to participation in demand response programs. Riot continues to expand its data center footprint and recruitment efforts as part of its longer-term vision to be a leading digital infrastructure platform.

Key Points

  • Bitcoin production decreased by 4% quarter-over-quarter to 1,473 BTC.
  • Deployed hash rate increased 26% to 42.5 EH/s, improving computational power.
  • Total power credits rose 171% to $21 million, lowering effective power costs to 3.0 cents per kWh from 3.8 cents.
  • Company is expanding data center operations and recruiting staff, signaling growth initiatives.

CASTLE ROCK, Colo., April 02, 2026 (GLOBE NEWSWIRE) -- Riot Platforms, Inc. (NASDAQ: RIOT) (“Riot” or “the Company”), a Bitcoin-driven industry leader in the development of large-scale data centers and bitcoin mining applications, announces unaudited production and operations updates for the first quarter of 2026.
   
Bitcoin Production and Operations Updates for Q1 2026

    Comparison (%)Metric Q1 2026 1Q1 2025 1Quarter/QuarterBitcoin Produced 1,4731,530-4%Average Bitcoin Produced per Day 16.417.0-4%Bitcoin Held 2 15,680 319,223-18%Bitcoin Sold 3,778-N/ABitcoin Sales - Net Proceeds $289.5 million-N/AAverage Net Price per Bitcoin Sold $76,626N/AN/ADeployed Hash Rate - Total 2 42.5 E+H/s33.7 E+H/s26%Avg. Operating Hash Rate - Total 4 36.4 E+H/s29.7 E+H/s23%Power Credits 5 $13.5 million$5.8 million134%Demand Response Credits 6 $7.5 million$2.0 million278%Total Power Credits $21.0 million$7.8 million171%All-in Power Cost - Total 7 3.0c/kWh3.8c/kWh-21%Fleet Efficiency 2 20.2 J/TH21.0 J/TH-4% 
  1. Unaudited, estimated.
  2. As of quarter-end.
  3. Includes 5,802 in restricted bitcoin.
  4. Average over the quarter.
  5. Estimated power curtailment credits.
  6. Estimated credits received from participation in ERCOT and MISO demand response programs.
  7. Estimated. Inclusive of all transmission and distribution charges, fees, adders, and taxes. Net of Total Power Credits.

Investor Events

  • Needham TMT Conference in New York, NY, May 12-14th
  • Macquarie Asia Conference in Hong Kong, May 18-20th
  • B. Riley Conference in Los Angeles, CA, May 20-21st
  • Bernstein SDC Conference in New York, NY, May 27-29th

Human Resources Update   

Riot is currently recruiting for positions across the Company.

Open positions are available at: https://www.riotplatforms.com/careers.

About Riot Platforms, Inc.

Riot’s (NASDAQ: RIOT) vision is to be the world’s most trusted platform for powering and building digital infrastructure.

Riot’s mission is to empower the future of digital infrastructure by positively impacting the sectors, networks, and communities that we touch. We believe that the combination of an innovative spirit and strong community partnership allows the Company to achieve best-in-class execution and create successful outcomes.

Riot is a Bitcoin-driven industry leader in the development of large-scale data centers and bitcoin mining applications. The Company’s vertically integrated strategy spans Bitcoin mining, engineering, and the development of large-scale data center projects designed to support the growing demand for high-density computing. Riot currently operates Bitcoin mining facilities in central Texas and Kentucky, with engineering and fabrication capabilities in Denver and Houston. The Company is now expanding into data center development, strengthening its position as a foundational builder in the digital economy.

Safe Harbor

Statements in this press release that are not historical facts are forward-looking statements that reflect management’s current expectations, assumptions, and estimates of future performance and economic conditions. Such statements rely on the safe harbor provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Because such statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Words such as “anticipates,” “believes,” “plans,” “expects,” “intends,” “will,” “potential,” “hope,” similar expressions and their negatives are intended to identify forward-looking statements. These forward-looking statements may include, but are not limited to, statements relating to the Company’s plans to develop data centers, projections, objectives, expectations, and intentions about future events, short-term and long-term business operations and objectives and financial needs. These forward-looking statements are based on management’s current expectations about future events as of the date hereof and involve risks and uncertainties that could cause our actual results to differ materially from those expressed or implied in our forward-looking statements. Detailed information regarding the factors identified by the Company’s management which they believe may cause actual results to differ materially from those expressed or implied by such forward-looking statements in this press release may be found in the Company’s filings with the U.S. Securities and Exchange Commission (the “SEC”), including the risks, uncertainties and other factors discussed under the sections entitled “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” of the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2025, and the other filings the Company makes with the SEC, copies of which may be obtained from the SEC’s website, www.sec.gov. All forward-looking statements included in this press release are made only as of the date of this press release, and the Company disclaims any intention or obligation to update or revise any such forward-looking statements to reflect events or circumstances that subsequently occur, or of which the Company hereafter becomes aware, except as required by law. Persons reading this press release are cautioned not to place undue reliance on such forward-looking statements.

Investor Contact:
Joshua Kane
IR@Riotplatforms.com

Media Contact:
Becca Rincon
PR@Riotplatforms.com


Risks

  • Operational fluctuations in bitcoin production can impact revenue and profitability.
  • Regulatory or market variables related to cryptocurrency mining and data center development.
  • Dependence on power cost efficiency and incentives, which may vary due to external market or policy changes.

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