Riot Signs $28 Billion AI Data Center Lease for 910 Megawatts

Riot Platforms signed a 15-year, $28 billion data-center lease with an unnamed leading AI lab, expanding the Bitcoin miner’s business beyond mining as it reported $181 million in third-quarter revenue. The agreement covers 910 megawatts of IT capacity and has an initial contract value of about $28 billion. Riot now has 1,151 MW of data-center capacity under contract, tied to roughly $38 billion in long-term contracted revenue. Riot’s third-quarter revenue increased 1% from a year earlier.

Source: TokenPost