Riot Platforms(NASDAQ) RIOT

Riot Platforms, Inc. secures digital money and builds power systems. It runs massive computer centers and makes custom electrical equipment. These services help companies needing high-density power and computing.

How Riot Secures Digital Assets

• Bitcoin Mining: Uses specialized computers to solve complex puzzles and earn digital currency rewards; generated $225.6 million in revenue for the six months ended June 30, 2026.
• Data Center: Provides space and electricity for hosting high-density computer systems through long-term leases; generated $56.4 million in revenue for the six months ended June 30, 2026.
• Engineering: Manufactures custom power distribution equipment and electrical products for utilities and industrial clients; generated $59.5 million in revenue for the six months ended June 30, 2026.
• Infrastructure Support: Manages large electrical assets that provide the power necessary to run high-performance computing workloads.

Building the Power Pipeline

• Acquired E4A Solutions in December 2024 to bring electrical engineering and infrastructure services in-house.
• Signed a 10-year lease with AMD in January 2026 to provide 25 megawatts of capacity at the Rockdale Facility.
• Executed a lease in August 2026 for 191 megawatts of capacity at Rockdale, with delivery planned for 2027 and 2028.
• Increased total deployed hash rate capacity, which measures computer processing speed, to 44.4 EH/s by June 30, 2026.

The Vertical Integration Advantage

Riot owns its entire supply chain, from making electrical parts to managing large power grids. This vertical integration allows the company to sell power back to utilities when demand peaks, earning credits that lower overall costs.

Metrics From the Mining Floor

• Total revenue was $341.5 million for the six months ended June 30, 2026, up from $314.4 million in 2025.
• The company reported a net loss of $737.6 million for the six-month period ended June 30, 2026.
• Power curtailment credits reached $31.1 million in the first half of 2026, up from $16.1 million in 2025.
• Cash and cash equivalents totaled $471.4 million as of June 30, 2026.

Bottom Line

Riot is evolving from a bitcoin miner into a provider of diversified digital infrastructure. Its ownership of power assets and engineering skills supports growth in both the crypto and high-performance computing markets.