Riot Platforms Reports Third Quarter 2026 Financial Results and Strategic Highlights
Riot signed the largest lease in its history: a 15-year triple-net powered land lease with a leading Frontier AI Lab covering the entire 910 MW Corsicana campus, worth approximately $28 billion in total contract value and $1.8 billion of average annual rent. With this deal, Riot has now contracted 1,151 MW of critical IT capacity and roughly $38 billion of long-term data center revenue, which management expects to generate more than $2 billion of average annual NOI at full deployment.
Key figures
- Eps
- 0
- Revenue
- 181400000
- Revenue Yoy
- 1%
- Noi margin
- 99%
- Btc sold ytd
- 20264
- Cash and btc
- 950200000
- Btc produced q3
- 1637
- Lease term years
- 15
- Adjusted ebitda q3
- 191333000
- Data center revenue
- 18400000
- Engineering revenue
- 47000000
- Btc sale proceeds ytd
- $1.5 billion
- Lease avg annual rent
- $1.8 billion
- Total corsicana capex
- $5.5 billion
- Bitcoin mining revenue
- 116000000
- Capital cost per it mw
- $6 million
- Unlevered yield on cost
- 33%
- Total contracted revenue
- $38 billion
- Lease total contract value
- $28 billion
- Leased critical it capacity mw
- 1151
- Avg cost to mine excl depreciation
- 39265
AI analysis
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