Metaplanet posts Q1 2026 operating income of $14.38M (73.6% margin) on $19.5M net sales, driven by surging Bitcoin option income, but records an ordinary loss of $728M due to non-cash Bitcoin valuation losses as BTC price fell 24% during the quarter.
Big Tech's Q1 2026 earnings reveal significant AI-driven transformation. Amazon reported $181.5B in net sales (up 17%), Microsoft $82.89B (up 18%), and Alphabet $109.9B (up 22%). Combined AI capex for the four hyperscalers is projected at $674B for 2026, more than double 2024 levels. Meanwhile, over 90,000 tech workers have been laid off in 2026, as companies redirect savings from workforce reductions toward AI infrastructure spending.
Riot Platforms posted $167.2 million in Q1 2026 revenue, bolstered by a new data center business that offset declining Bitcoin mining income. The company is increasingly diversifying into AI infrastructure, highlighted by an expanded contract with AMD.
Tesla executives acknowledged that Hardware 3 computers cannot achieve unsupervised Full Self-Driving due to having only one-eighth the memory bandwidth of Hardware 4. The company plans to offer discounted trade-ins for cars with AI4 hardware and computer upgrades, though camera replacement is also required. Microfactories will be established in major metropolitan areas to efficiently handle conversions, with the long-term goal of converting all Hardware 3 vehicles to enable robotaxi fleet entry.
