Riot Locks $9.1B AI Lease, Q2 Revenue Beats Forecasts
Riot struck a 20‑year, 191 MW lease with a frontier AI lab, worth about $9.1 billion, bringing its AI‑grade capacity to 241 MW. Q2 revenue rose to $174.2 million, a 14% YoY beat, signaling the firm's pivot from pure bitcoin mining to a lucrative AI data‑center landlord role.