Quarterly ResultAug 10, 2026, 04:02 PM
Riot Platforms Secures $9.1B AI Data Center Lease; Q2 Revenue Up 14% to $174.2M
AI Summary
Riot Platforms announced a landmark 20-year data center lease with a leading frontier AI lab for 191 MW, projected to generate $9.1 billion in revenue. This follows the successful completion of the initial 25 MW delivery to AMD, bringing total contracted capacity to 241 MW with key AI ecosystem players. The company also reported Q2 2026 total revenue of $174.2 million, a 14% increase year-over-year, including $23.2 million from its Data Center segment.
Key Highlights
- Executed 20-year data center lease for 191 MW with a leading AI lab.
- New lease expected to generate $9.1 billion in revenue over initial term.
- Estimated annual NOI contribution from new lease: $365 million to $411 million.
- Completed initial 25 MW delivery to AMD; 241 MW total contracted capacity.
- Q2 2026 total revenue of $174.2 million, a 14% increase year-over-year.
- Q2 2026 Data Center revenue of $23.2 million.
- Produced 1,587 bitcoin in Q2 2026.
- Ended Q2 with over $1.2 billion in liquid assets.
Price Impact
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