● IndustryNov 4, 2026 · 20:388 sources
Riot Platforms Secures $28B Data Center Lease With AI Lab
From marketbrief.now
AI;DR
Riot Platforms entered into a 15 year agreement with an unnamed Frontier AI lab for its Corsicana campus. This deal provides 910 MW of critical IT capacity with an initial contract value of roughly $28B. Riot Platforms reported third-quarter revenue of $181.4 million.
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- SUPPORT@wublockchain“Riot sold a total of 20,264 BTC for approximately $1.5 billion, primarily to fund data center construction.”x.com
- SUPPORT@rhouseresearch“RIOT's expected capital requirement is just $6MM/MW, reflecting $2MM/MW for site work and electrical infrastructure, and $4MM/MW in reimbursements to Anthropic”x.com
- SUPPORT@tftc21“Counting the coins it mined, its stack went from 18,005 BTC in January to 2,418 by September.”x.com