Riot Sets November 4 Date for Third-Quarter Results Call Amid Data Center Shift
Key Facts
Riot Platforms set November 4 at 8:00 a.m. Eastern time for its 2026 third-quarter results call, according to a company announcement. The date puts investors ahead of an expected disclosure on the performance of a company that combines bitcoin mining with data centers targeting artificial intelligence and high-performance computing workloads. Riot shares closed at $11.84 on November 2, according to EL7 data. That provides a price reference for tracking the stock ahead of the call, without determining its direction in the November 3 session. The company says its data centers are designed for energy-intensive, high-density workloads.
The results matter beyond mining after Riot expanded the role of data centers in its business. The company lists a fully permitted 2.0-gigawatt power pipeline on its website, alongside more than 1,300 acres it says it controls. It also lists mining capacity of 44.4 exahashes per second, showing that a large-scale mining operation continues alongside its data center strategy. These figures provide context for reading segment revenue and execution indicators when third-quarter results are released. But the announced call date does not include figures for that quarter.
Second-quarter results, the latest financial comparison in the available information, show total revenue of $174.2 million, up 14% year over year from $153.0 million in the second quarter of 2025. Revenue included $23.2 million from data centers, according to Riot's filing with the U.S. Securities and Exchange Commission. By contrast, bitcoin mining revenue fell to $113.7 million from $140.9 million in the same period a year earlier. The company attributed the decline mainly to a lower average bitcoin price and a higher global hash rate. The contrast sets data center revenue growth against the pressures Riot reported in its mining business, a point the market will track in the new disclosure.
On expansion, Riot announced in August a data center lease agreement at its Rockdale campus for 191 megawatts of contracted critical IT capacity, with an initial term of 20 years running through June 2048. The company said the agreement is expected to generate about $9.1 billion in contract revenue over its initial term and includes two five-year extension options. Capacity is scheduled to be delivered in phases; Riot expected to deliver 96 megawatts in December 2027, then complete deployment of the full 191 megawatts by June 2028. Chief Executive Jason Les said the agreement represents a “pivotal moment” in the company's evolution into a large-scale data center developer. He added that the company completed delivery of its first 25 megawatts to AMD on time and within budget, according to the filing.
In its mining business, the company produced 1,587 bitcoin in the second quarter of 2026, compared with 1,426 bitcoin in the same period of 2025. The average cost to mine bitcoin, excluding depreciation, rose to $49,912 per coin from $48,992 a year earlier, according to the company filing. These indicators put higher production alongside a higher year-over-year mining cost, as mining revenue declined in a move Riot linked to bitcoin prices and network variables. Third-quarter results will update the picture for revenue, mining costs and data center performance following that quarterly comparison. The results call is scheduled for November 4 at 8:00 a.m. Eastern time.