{"slug": "riot-platforms-stock-surges-on-q2-results-20-year-data-center-deal", "title": "Riot Platforms Stock Surges on Q2 Results, 20-Year Data Center Deal", "summary": "Riot Platforms Inc. reported second-quarter revenue of $174.20 million, beating analyst estimates of $152.06 million, and signed a 20-year data center lease with a leading frontier AI lab for 191 megawatts at its Rockdale campus, expected to generate approximately $9.10 billion in total initial contract revenue. Riot shares rose 10.82% in after-hours trading to $21.49. CEO Jason Les said the deal marks a defining moment in the company's evolution into a leading developer of large-scale data centers.", "body_md": "**Riot Platforms shares are trending.**\n\n**Riot Platforms Q2 Key Metrics**\n\nRiot reported second-quarter revenue of $174.20 million, beating analyst estimates of $152.06 million, according to Benzinga Pro. The company reported a second-quarter adjusted EBITDA loss of $69.73 million.\n\n**Riot Signs 20-Year Data Center Agreement**\n\nSubsequent to quarter’s end, Riot signed a 20-year data center lease with a “leading frontier AI lab” for 191 megawatts of capacity at the company’s Rockdale campus. The deal is expected to generate approximately $9.10 billion in total initial contract revenue.\n\n“Today’s announcement of a landmark 20-year, 191-megawatt data center lease with a leading frontier AI lab marks a defining moment in our evolution into a leading developer of large-scale data centers,” said **Jason Les**, CEO of Riot. “It builds directly on a strong second quarter, in which we completed delivery of the initial 25 megawatts to AMD on time and on budget.”\n\nRiot ended the quarter with $548.90 million in cash and 11,380 Bitcoin.\n\n**RIOT Stock Rises After Earnings**\n\n**RIOT Price Action:** Riot shares were up 10.82% in Monday’s after-hours session, trading at $21.49 at the time of publication, according to Benzinga Pro.\n\n*Image: Shutterstock.com*", "url": "https://wpnews.pro/news/riot-platforms-stock-surges-on-q2-results-20-year-data-center-deal", "canonical_source": "https://cryptonews.net/news/finance/33276322/", "published_at": "2026-08-11 00:17:00+00:00", "updated_at": "2026-08-11 03:16:28.754274+00:00", "lang": "en", "topics": ["ai-infrastructure", "ai-policy"], "entities": ["Riot Platforms Inc.", "Jason Les", "AMD", "Rockdale campus", "Benzinga Pro"], "alternates": {"html": "https://wpnews.pro/news/riot-platforms-stock-surges-on-q2-results-20-year-data-center-deal", "markdown": "https://wpnews.pro/news/riot-platforms-stock-surges-on-q2-results-20-year-data-center-deal.md", "text": "https://wpnews.pro/news/riot-platforms-stock-surges-on-q2-results-20-year-data-center-deal.txt", "jsonld": "https://wpnews.pro/news/riot-platforms-stock-surges-on-q2-results-20-year-data-center-deal.jsonld"}}