Riot Platforms, Inc. (RIOT) Form 8-K — Nov 4, 2026

$RIOTForm 8-KItems 1.02, 2.02, 9.01Filed Nov 4, 2026, 7:30 AM ET0001104659-26-122368Original filing

Riot Platforms announced Q3 2026 results alongside the largest lease in company history: a 15-year triple-net powered land lease with a leading Frontier AI Lab covering the entirety of its 910 MW Corsicana campus, worth approximately $28 billion in total contract value and $1.8 billion in average annual rent. With the new lease, Riot has now contracted 1,151 MW of critical IT capacity representing roughly $38 billion of long-term data center revenue, with projected portfolio NOI of ~$2.2 billion annually at full deployment.

Key figures

Eps: $0.01 (diluted, per Q3 2026 deck)
Revenue: 181400000
Net Income: 4034000
Revenue Yoy: 1% increase
Cash Position: $950.2 million in cash and bitcoin ($748.2M cash incl. $79.2M restricted, plus 2,418 BTC worth ~$202.0M)
Deal Value Usd: ~$28 billion total contract value for Corsicana lease (~$54 billion if both 5-year extensions exercised)
Hash rate: 44.9 EH/s
Btc sold ytd: 20,264 bitcoin for ~$1.5 billion
Avg btc price: $70,855 (vs $114,361 prior year)
Btc produced q3: 1637
Corsicana lease: 910 MW critical IT, 15-year term, ~$1.8B average annual rent
Net loss 9m 2026: -$733.6 million
Delivery schedule: 400 MW Sep 2027, 200 MW Jan 2028, 310 MW Jul 2028
Data center revenue: $18.4 million
Engineering revenue: $47.0 million (vs $19.1M prior year)
Estimated noi margin: ~99% (triple-net structure)
Project debt planned: $4.4-4.9 billion non-recourse
Bitcoin mining revenue: $116.0 million (vs $160.8M prior year)
Riot cash equity range: $0.5-1.1 billion
Adjusted ebitda 9m 2026: -$189.9 million
Adjusted ebitda q3 2026: $191.3 million (vs $197.2M Q3 2025)
Unlevered yield on cost: ~33%
Coinbase credit facility: $200 million repaid in full
Power curtailment credits: $24.7 million in Q3
Total capital cost corsicana: ~$5.5 billion ($6M per IT MW)
Cost to mine excl depreciation: $39,265 per bitcoin
Average annual noi total portfolio: ~$2.2 billion
Total contracted data center revenue: ~$38 billion across 1,151 MW

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