Riot Platforms, Inc.RIOT
▲ PositiveDemandrelevance
Signed $9.1B AI data center lease, securing demand for its capacity.

Riot Platforms has entered a 20-year, $9.10 billion agreement to lease 191 megawatts of IT capacity at its Rockdale, Texas campus to a leading AI lab, marking a major pivot toward AI infrastructure. The deal was announced alongside second-quarter 2026 results showing revenue of $174.24 million and a net loss of $237.17 million, which included nearly $27.97 million in impairment charges. Bitcoin production rose to 1,587 coins during the quarter. The lease directly addresses prior concerns about underutilized power capacity and could reduce the company's dependence on volatile bitcoin mining revenue.
Riot Platforms, Inc.Signed $9.1B AI data center lease, securing demand for its capacity.