Riot Platforms announced a historic 15-year, $28 billion triple-net powered land lease with a leading Frontier AI Lab for 910 MW of IT capacity at its Corsicana campus. This deal, combined with other contracts, brings total leased capacity to 1,151 MW and contracted revenue to approximately $38 billion. The company reported Q3 2026 revenue of $181.4 million, driven by data center and bitcoin mining operations, and ended the quarter with $950.2 million in cash and bitcoin. Riot plans to fund development projects without issuing new equity and aims to allocate capital to maximize shareholder value.
Following Riot Platforms' announcement of a landmark $28 billion land lease deal, the company's stock price on Pluang is currently USD 13.78, down 1.71% as of Nov 04, 2026 19:31 WIB. Despite the recent strategic highlights, RIOT trades well below its 52-week high of USD 28.67, with a market cap of $5.26 billion. Investor activity on Pluang shows a nearly balanced sentiment with 49% sell orders and 51% buy orders.
Hut 8 shares surged 16% ahead of its Q3 2026 earnings report, leading a rebound among Bitcoin miners pivoting to AI infrastructure. The company is expected to report revenue decline and losses but aims to prove its lease timeline for new data halls i...
Riot Platforms is reaffirmed as a Strong Buy with a $41 per share price target due to its strong bitcoin mining operations and strategic positioning in AI data centers. The company benefits from a solid balance sheet and self-financing through bitcoi...
