Riot Platforms Q3 net income drops 96% to $4,034
Bitget2026/11/04 12:36- Riot Platforms’ third-quarter 2026 net income fell 96% year-over-year to $4,034, while revenue rose to $181.4 million.
- Bitcoin Mining revenue dropped 28% to $116 million, primarily driven by a lower average bitcoin price.
- Engineering revenue more than doubled to $47 million, driven by strong third-party data center demand for custom electrical equipment.
- Data Center revenue reached $18.4 million, reflecting the first full quarter of the stabilized capacity delivered to AMD.
- A new Corsicana lease with a leading Frontier AI Lab covers 910 MW of critical IT capacity and approximately $28 billion in contracted revenue.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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