LITEON and Riot Platforms Report Significant Growth and Strategic Shifts in Q1 2026
LITEON Technology recorded NT$43.4 billion in sales for Q1 2026, a 19% increase year-on-year, driven by AI infrastructure demand. Riot Platforms also showed growth, with total revenue reaching $167.2 million, while shifting focus from Bitcoin mining to AI and high-performance computing infrastructure.
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LITEON Technology's consolidated sales for the first quarter of 2026 reached NT$43.4 billion, representing a 19% year-on-year increase, primarily due to over 70% growth in cloud-related businesses. The company plans a US$919 million investment in the U.S. and US$149 million in Vietnam to enhance AI-related capacities.
Net profit was NT$3.78 billion, yielding an EPS of NT$1.66. Meanwhile, Riot Platforms announced total revenue of $167.2 million for Q1 2024, with $33.2 million attributed to its data center business. The company has doubled its capacity at its Texas facility to 50 megawatts, with an agreement projected to generate $636 million in revenue over the next decade.
This shift towards AI infrastructure has increased investor confidence, reflected in improved credit terms and a 147% stock price increase over the past year. The evolving strategies of both companies underscore a significant transition towards AI and high-performance computing in their respective industries.
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