Trump Media & Technology Group reported a Q1 net loss of $405.9 million, driven by $244 million in unrealized Bitcoin losses and $108.2 million in equity investment losses. The company holds 9,542 BTC, valued at $647.1 million as of March 31, with a cost basis of $113 million. CEO Devin Nunes resigned on April 22.
MARA Holdings is advancing its $1.5 billion acquisition of Long Ridge Energy by soliciting consents to amend covenants on $600 million in notes, aiming to avoid a mandatory repurchase provision. The acquisition, expected to close in the second half of 2026, will increase MARA's power capacity by 65%.
Riot Platforms reported Q1 data center revenue of $33.2 million, marking a company first. Total revenue reached $167.2 million, with mining revenue at $111.9 million. Riot holds 15,679 BTC, valued at approximately $1.1 billion, and expects significant growth in data center lease revenue by 2027.
Trump Media Reports $405.9M Q1 Loss, Holds 9,542 BTC; MARA Advances Acquisition; Riot's Data Center Revenue Hits $33.2M
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