Riot Platforms Reports $33 Million in Initial Data Center Revenue, AMD Doubles Contracted Capacity
Riot Platforms Reports $33 Million in Initial Data Center Revenue, AMD Doubles Contracted Capacity
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Riot Platforms has reported its first data center revenue, totaling $33 million. The revenue was primarily derived from lower-margin fit-out projects, with recurring leases contributing a smaller portion. Concurrently, AMD has significantly expanded its engagement by doubling its contracted capacity with Riot.
Riot Reports $33 Million in First Data Center Revenue as AMD Doubles Contracted Capacity
Most of Riot Platforms' data center revenue came from lower-margin fit-out work, while recurring leases played a smaller role.