Riot Platforms Announces Q3 Bitcoin Sales and Major AI Data Center Lease Agreement

Riot Platforms sold 10,599 BTC in the third quarter of 2026, reducing its bitcoin reserves from 11,380 to 2,418 BTC and generating approximately $1.5 billion, primarily for AI data center development. The company also signed a 15-year lease agreement with an AI laboratory for 910 MW of capacity at its Texas campus. The contract is projected to generate about $28 billion in revenue, bringing Riot’s expected total contract revenue from data center operations to roughly $38 billion.