DealsAug 10, 2026, 04:29 PM
Riot Platforms Secures $9.1B AI Lab Lease; Q2 Revenue Up 14%
AI Summary
Riot Platforms announced a landmark 20-year data center lease with a leading frontier AI lab for 191 MW of critical IT capacity at its Rockdale campus, projected to generate $9.1 billion in total contract revenue. This deal, combined with an existing lease with AMD, brings Riot's total contracted capacity with AI companies to 241 MW, representing approximately $9.8 billion in long-term revenue. The company also reported Q2 2026 financial results, with total revenue increasing 14% year-over-year to $174.2 million, driven by growth in Data Center and Engineering segments.
Key Highlights
- Executed 20-year data center lease for 191 MW with a leading frontier AI lab.
- AI lab lease expected to generate approximately $9.1 billion in total contract revenue.
- Total 241 MW of critical IT capacity contracted with two leading AI ecosystem companies.
- Q2 2026 total revenue of $174.2 million, a 14% increase year-over-year.
- Data Center revenue reached $23.2 million, including $4.9 million in operating lease revenue.
- Produced 1,587 bitcoin in Q2 2026.
- Ended the quarter with over $1.2 billion in liquid assets.
- Average cost to mine bitcoin (excluding depreciation) was $49,912.
Price Impact
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