Earnings call briefThird-quarter 2026
Riot Platforms now expects portfolio NOI to exceed its prior range
Riot Platforms said it expects average annual NOI of approximately $2.2 billion on contracts already in place.
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Riot Platforms said on its third-quarter call it now expects portfolio net operating income to exceed its prior $1.6 billion to $2.1 billion range. Chief Executive Jason Les said the company has further headroom to grow with remaining unleased power capacity at its Rockdale and Kentucky sites.
Quotes from the call
“With leases signed this year, we are now expecting to exceed the top of that range, with average annual NOI of approximately $2.2 billion on contracts already in place.”
Key facts from the call
- Expected average annual NOI on contracts in place
- approximately $2.2 billion
- Prior portfolio NOI range
- $1.6 billion to $2.1 billion
- Illustrative Corsicana non-recourse project debt
- approximately $4.4 billion to $4.9 billion at an illustrative 80% to 90% loan-to-cost
Source: Riot Platforms' third-quarter 2026 earnings call, November 4, 2026.
Written by GetSignal with AI from the company's earnings call.
Not investment advice.
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