Riot Platforms inks 20-year AI data center lease valued at $9.1B

AI Market Summary

Riot Platforms signed a 20-year AI data center lease for 191MW at its Rockdale campus, implying ~$9.1B of contract revenue and driving a sharp after-hours equity move. The deal signals potential diversification away from pure mining economics and improves visibility of long-dated cash flows, partially offsetting the reported adjusted EBITDA loss despite a revenue beat. Riot's large BTC holdings keep its risk profile linked to crypto conditions.

Impact level

● Medium

AI InsightAI Insight

▲ Bullish

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Riot Platforms (@RiotPlatforms) has signed a 20-year data center lease with an undisclosed frontier AI lab covering 191 megawatts at its Rockdale campus, a deal the company expects will generate about $9.1B in contract revenue. The stock jumped 11% in after-hours trading. Riot reported second-quarter revenue of $174.2M, topping estimates, while posting an adjusted EBITDA loss of $69.7M. The miner said it holds 11,380 $BTC.

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