Riot Platforms Signs 15-Year, $28 Billion Lease for All 910 MW of Corsicana IT Capacity

Riot Platforms signed a 15-year lease with an unnamed AI lab covering all 910 MW of IT capacity at its Corsicana site, with a total contract value of about $28 billion. According to Odaily, Riot reported third-quarter 2026 revenue of $181.4 million, up 1% year over year, and net income of $4.03 million, compared with $104.5 million a year earlier. Bitcoin mining revenue fell 28% to $116 million, while data center revenue was $18.4 million; the company produced 1,637 bitcoins during the quarter. At quarter-end, Riot held $950.2 million in cash and bitcoin combined and had sold 20,264 bitcoins year to date.