Earnings call briefSecond-quarter 2026
Riot Platforms says it executed a 191-megawatt data center lease at Rockdale
Riot Platforms said the initial term is expected to bring approximately $9.1 billion in total contract revenue, or approximately $16.1 billion if both 5-year extensions are exercised.
GetSignal Riot Platforms RIOT
Riot Platforms said on its second-quarter call that it executed, after quarter end, a 20-year lease with a frontier AI lab for 191 megawatts at Rockdale. The company said it is targeting delivery of the first 96 megawatts in December 2027.
Chief Financial Officer Jason Chung said net equity required would be between $30 million and $280 million, net of the expected $180 million AMD term loan proceeds.
Quotes from the call
“...subsequent to quarter end, we executed a data center lease with one of the world's leading frontier AI labs for 191 megawatts of critical IT capacity.”
Key facts from the call
- Capacity
- 191 megawatts of critical IT capacity at Rockdale
- Initial-term contract revenue outlook
- Approximately $9.1 billion
- Contract value if both 5-year extensions are exercised
- Approximately $16.1 billion
- Interim financing
- $573 million facility from Morgan Stanley
Source: Riot Platforms' second-quarter 2026 earnings call, August 10, 2026.
Written by GetSignal with AI from the company's earnings call.
Not investment advice.
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