Riot Platforms' first quarter data center revenue reached $332 million

According to Riot Platforms' financial report, the company's data center revenue for the first quarter was $332 million, mainly from tenant renovation services with lower profit margins. AMD will double the contracted capacity from 25 MW to 50 MW and retain the option to increase to 200 MW. Currently, 5 MW of capacity has been delivered and generated revenue, and the remaining initial capacity is expected to go online in the second quarter. The total revenue of Riot Platforms in the first quarter was $167 million, of which the Bitcoin mining business contributed $112 million. The company holds 15700 bitcoins worth approximately $1.2 billion, making it the seventh largest publicly held bitcoin in the world.