AI-extracted from the 10-Q filed 2026-08-10 — Q2 FY2026 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
Riot reported Q2 revenue of $174.2M (+14% YoY) driven by new Data Center segment ($23.2M) and Engineering growth (+252% YoY to $37.3M), but Bitcoin Mining revenue fell 19% to $113.7M amid lower bitcoin prices despite 15% hash rate growth.
Biggest Revenue Drivers
Bitcoin Mining$113.7M-19% YoY
Lower average bitcoin price of $71,667 per bitcoin in Q2 2026 vs. $98,800 in Q2 2025, partially offset by 11.3% increase in bitcoin production due to 17.4% higher average operating hash rate.
Engineering$37.3M+252% YoY
Strong third-party data center demand for custom electrical equipment used in data center development and power generation facilities.
Biggest Revenue Drivers
Total revenue: $174.2M+14% YoY
Bitcoin Mining$113.7M-19% YoY
Lower average bitcoin price of $71,667 per bitcoin in Q2 2026 vs. $98,800 in Q2 2025, partially offset by 11.3% increase in bitcoin production due to 17.4% higher average operating hash rate.
Engineering$37.3M+252% YoY
Strong third-party data center demand for custom electrical equipment used in data center development and power generation facilities.
Data Center$23.2M
Leasing activity and tenant fit-out services from AMD Lease; segment recognized as reportable for first time in Q1 2026.
Largest Expense Items
Depreciation and amortization$97.8M+18% YoY
Increase primarily due to higher number of miners deployed across facilities.
Selling, general, and administrative$82.0M+8% YoY
$5.4M increase in stock-based compensation, $4.8M increase in compensation expense, offset by $6.3M decrease in legal and professional fees from settled litigation.
Impairment of property and equipment$28.0M
Long-lead items in Construction in progress at Rockdale impaired due to strategic shift from bitcoin mining expansion to data center application purposes.
Watch Items from the Filing
Bitcoin price decline: Average bitcoin price fell to $71,667 in Q2 2026 from $98,800 in Q2 2025; company held 11,380 bitcoin valued at $666M as of June 30, 2026, down 45% from $2.1B at year-end 2025.
Regulatory risk intensified: Texas SB 6 enacted in 2025; PUCT directed August 3, 2026 comprehensive audit of all data center projects in ERCOT interconnection; potential 12CP cost-allocation methodology and curtailment obligations could materially increase transmission costs.
AMD Lease concentration: Data Center segment revenue of $23.2M (Q2) and $56.4M (H1) entirely from single AMD customer; AMD holds expansion rights up to 200 MW total capacity.
Subsequent $573M credit facility and Tenant Lease: Announced August 2026 entry into $9.1B base-rent 20-year lease with leading AI lab for 191 MW at Rockdale; $573M interim facility to fund procurement; non-recourse to parent company.
Operating cash burn: Company reported negative operating cash flow of $272.8M in H1 2026; sustained $737.6M net loss reflects $401.3M non-cash fair value loss on bitcoin holdings, $195.5M depreciation, and $28.0M impairment.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
D'Ambrosio Lance VarroReporting ownerGrant or award · Jul 1, 2026
Leverton JaimeReporting ownerGrant or award · Jul 1, 2026
Turner Michael JohnReporting ownerGrant or award · Jul 1, 2026
Mouton DouglasReporting ownerGrant or award · Jul 1, 2026
Gibbs JonathanCDCO (See Remarks)Disposition to issuer · Apr 12, 2026
Yi Soo il BenjaminEXECUTIVE CHAIRMANGrant or award · Jan 1, 2026
About Riot Platforms, Inc. (RIOT): stock profile, AI score and financials
Riot Platforms, Inc. (RIOT) stock profile, AI quality score, and SEC EDGAR financial data, a Financials sector company. 13F Pro's AI-powered ranking engine scores RIOT at 38.3/100 on a composite quality score built from its SEC filings, placing it at rank #2,188 of 2,925 stocks — the bottom half of the AI-ranked universe. RIOT scores in the top quartile across revenue growth (94.9). Areas of concern include profitability (5.6) and balance sheet strength (6.2), which score below median versus the broader universe. Shareholder dilution risk is elevated at 8.9/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q2 2026), Riot Platforms, Inc. reports quarterly revenue of $174.2M, net income of $-237.2M, an operating margin of -137.4%. Top institutional holders of RIOT by reported 13-F value include BlackRock, FMR, VANGUARD PORTFOLIO MANAGEMENT, based on the most recent SEC filings. RIOT trades on the Nasdaq exchange and files with the SEC under CIK 1167419. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate RIOT daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for Riot Platforms, Inc. directly from SEC EDGAR.