Riot Stock Surges 8% on Q1 Revenue Beat, Data Center Debut; BTC +3% to $78.5K

Riot Platforms' shares jumped 8-9% intraday after Q1 2026 earnings revealed $167.2 million revenue—beating $130.79 million estimates—driven by $33.2 million in first-time AI data center revenue from an AMD deal doubling capacity to 50 MW. The firm mined 1,473 BTC amid headwinds but sold 3,778 coins in Q1 plus ~500 later to fund capex without equity issuance, cutting holdings to 15,679 BTC (~$1.2B). This extends late-2025 sales of ~2,201 BTC for $200 million to build Corsicana data centers. BTC rose 3% to $78,500 on lifted sentiment.