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Riot Platforms signs $9.1 billion AI lease
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Riot Platforms signs $9.1 billion AI lease

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  • Riot Platforms signed a 20-year lease for 191 MW of data-center capacity, which the company expects to generate about $9.1 billion in revenue.
  • Riot shares were up about 4.1% at $20.19 in the latest Tuesday trading after rising more sharply earlier in the session.
  • Riot is expanding beyond bitcoin mining into large-scale AI infrastructure, with 241 MW now contracted across the new tenant and AMD.

Riot Platforms (NASDAQ:RIOT) signed a 20-year, 191 MW AI data-center lease expected by the company to generate approximately $9.1 billion in contract revenue.

The announcement accompanied Q2 2026 revenue of $174.2 million, up 14% from $153.0 million, including $23.2 million from Data Centers.

“Today’s announcement of a landmark 20-year, 191-megawatt data center lease with a leading frontier AI lab marks a defining moment,” said Riot Platforms CEO Jason Les.

Riot expects the first 96 MW in December 2027 and all 191 MW by June 2028, with extension options potentially lifting contract revenue to $16.1 billion.

Following the announcement, Riot Platforms' share price was up about 4.1% at $20.19.

Riot generated $113.7 million from bitcoin mining and $37.3 million from engineering, while ending June with more than $1.2 billion of liquid assets.

Riot has now contracted 241 MW at Rockdale across the new AI tenant and AMD, while Barron’s reported that the unnamed customer is Anthropic.

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