{"id":992960,"date":"2026-08-10T16:07:14","date_gmt":"2026-08-10T20:07:14","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/riot-platforms-reports-second-quarter-2026-financial-results-and-strategic-highlights\/"},"modified":"2026-08-10T16:07:14","modified_gmt":"2026-08-10T20:07:14","slug":"riot-platforms-reports-second-quarter-2026-financial-results-and-strategic-highlights","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/riot-platforms-reports-second-quarter-2026-financial-results-and-strategic-highlights\/","title":{"rendered":"Riot Platforms Reports Second Quarter 2026 Financial Results and Strategic Highlights"},"content":{"rendered":"
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\n Executed 20-year data center lease with a leading frontier AI lab for 191 MW of critical IT capacity at Riot\u2019s Rockdale campus, expected to generate approximately $9.1 billion in total contract revenue over the initial term\u00a0<\/em>\n <\/p>\n

\n Completed delivery of the initial 25 critical IT MW to AMD on time and on budget, with the second 25 critical IT MW expansion under construction <\/em>\n <\/p>\n

\n Together with the AMD lease, the Company has contracted 241 MW of critical IT capacity with two of the most significant companies in the AI ecosystem <\/em>\n <\/p>\n

\n Quarterly revenue of $174.2 million, a 14% increase year-over-year, including $23.2 million in Data Center revenue<\/em>\n <\/p>\n

CASTLE ROCK, Colo., Aug. 10, 2026 (GLOBE NEWSWIRE) — Riot Platforms, Inc. (NASDAQ: RIOT) (\u201cRiot\u201d or \u201cthe Company\u201d), a vertically-integrated industry leader in digital infrastructure, specializing in the development of large-scale data centers and bitcoin mining applications, reported financial results for the three-month period ended June 30, 2026. The accompanying presentation materials are available on Riot\u2019s website.<\/p>\n

\u201cToday’s announcement of a landmark 20-year, 191-megawatt data center lease with a leading frontier AI lab marks a defining moment in our evolution into a leading developer of large-scale data centers,\u201d said Jason Les, CEO of Riot. \u201cIt builds directly on a strong second quarter, in which we completed delivery of the initial 25 megawatts to AMD on time and on budget. In just over six months, Riot has now executed leases totaling 241 megawatts of capacity, representing approximately $9.8 billion of long-term, contracted revenue with two of the most important companies in the AI ecosystem.<\/p>\n

\u201cOur platform stands apart through three elements working together: multi-gigawatt-scale power capacity that is already fully approved and energized, in-house data center development expertise, and the ability to engineer custom infrastructure for computing’s most demanding workloads. With all three, and the financial resources to deploy them already secured, we are positioned to convert strong market demand from high-quality tenants into compounding shareholder value.\u201d<\/p>\n

\n 191 IT MW Data Center Lease with a Leading Frontier AI Lab at Rockdale<\/strong>\n <\/p>\n

Subsequent to quarter end, Riot announced the execution of a Data Center Lease and Services Agreement (the \u201cData Center Lease\u201d) with one of the world\u2019s leading frontier AI labs, for 191 MW of critical IT capacity at Riot\u2019s Rockdale campus. The Data Center Lease carries an initial term of 20 years, running through June 2048, and is expected to generate approximately $9.1 billion in total initial contract revenue. The Data Center Lease also includes two five-year extension options at the tenant\u2019s election, representing a total potential contract value of approximately $16.1 billion if both extensions are fully exercised.<\/p>\n

This transaction secures the Company\u2019s second tenant at the Rockdale campus, following the lease with Advanced Micro Devices, Inc. (\u201cAMD\u201d) announced on January 16, 2026. Together, the two agreements firmly establish Riot as a leading contracted AI data center developer.<\/p>\n

Transaction highlights:<\/p>\n