# Riot Signs $28 Billion AI Data Center Lease for 910 Megawatts

By John Kim

Canonical URL: https://www.tokenpost.com/news/business/48973
Published: 2026-11-05T02:44:34.000Z
Updated: 2026-11-05T02:44:34.000Z
Section: Business

> The 15-year deal with an unnamed AI lab lifts Riot’s contracted data-center capacity to 1,151 megawatts as Bitcoin mining revenue falls 28%.

Riot Platforms signed a 15-year, $28 billion data-center lease with an unnamed leading AI lab, expanding the Bitcoin miner’s business beyond mining as it reported $181 million in third-quarter revenue.

The agreement covers 910 megawatts of IT capacity and has an initial contract value of about $28 billion. Riot now has 1,151 MW of data-center capacity under contract, tied to roughly $38 billion in long-term contracted revenue.

Riot’s third-quarter revenue increased 1% from a year earlier. Net income fell to $4.03 million from $104 million in the same quarter last year, while Bitcoin mining revenue declined about 28% to $116 million.

During the first nine months of the year, Riot sold 20,264 Bitcoin (BTC), generating about $1.5 billion. Most of the proceeds went toward data-center construction. The company held 2,418 BTC at the end of September.

The lease expands Riot’s contracted data-center business as quarterly revenue from mining declines.