Riot Shares Rise 9.6% as $28 Billion Texas Lease Takes Effect
Photo: TokenPost
Riot Platforms shares closed 9.6% higher at $15.37 on Wednesday, Nov. 4, the day a 15-year lease for data-center capacity at its Corsicana, Texas, campus took effect. RIOT had gained 18.4% Tuesday, closing at $14.02. The stock reached $16.21 during Wednesday’s regular session. Riot estimates the lease’s contract value at about $28 billion over its initial term, with average annual rent of $1.8 billion. The agreement covers 910 megawatts of critical IT capacity, and Anthropic PBC is the tenant.
Source: TokenPost
