Riot Signs $28 Billion Corsicana Lease as Q3 Revenue Reaches $181.4 Million
Photo: TokenPost
Riot Platforms signed a 15-year lease for 910 megawatts of data-center capacity at its Corsicana, Texas, campus, committing to a deal valued at about $28 billion as it expands beyond Bitcoin (BTC) mining. The powered-land agreement with a leading Frontier AI Lab carries average annual rent of about $1.8 billion. It lifts Riot’s total leased capacity to 1,151 megawatts and contracted data-center revenue to about $38 billion, including its AMD contract and a separate Rockdale lease with the same lab. Two five-year extension options could raise the Corsicana contract’s value to about $54 billion.
Also reported by The Defiant.
Source: TokenPost
