Executed 20-year data center lease with a leading frontier AI lab for 191 MW of critical IT capacity at Riot’s Rockdale campus, expected to generate approximately $9.1 billion in total contract revenue over the initial term 

Completed delivery of the initial 25 critical IT MW to AMD on time and on budget, with the second 25 critical IT MW expansion under construction 

Together with the AMD lease, the Company has contracted 241 MW of critical IT capacity with two of the most significant companies in the AI ecosystem 

Quarterly revenue of $174.2 million, a 14% increase year-over-year, including $23.2 million in Data Center revenue

CASTLE ROCK, Colo., Aug. 10, 2026 (GLOBE NEWSWIRE) — Riot Platforms, Inc. (NASDAQ: RIOT) (“Riot” or “the Company”), a vertically-integrated industry leader in digital infrastructure, specializing in the development of large-scale data centers and bitcoin mining applications, reported financial results for the three-month period ended June 30, 2026. The accompanying presentation materials are available on Riot’s website.

“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. In just over six months, Riot has now executed leases totaling 241 megawatts of capacity, representing approximately $9.8 billion of long-term, contracted revenue with two of the most important companies in the AI ecosystem.

“Our platform stands apart through three elements working together: multi-gigawatt-scale power capacity that is already fully approved and energized, in-house data center development expertise, and the ability to engineer custom infrastructure for computing’s most demanding workloads. With all three, and the financial resources to deploy them already secured, we are positioned to convert strong market demand from high-quality tenants into compounding shareholder value.”

191 IT MW Data Center Lease with a Leading Frontier AI Lab at Rockdale

Subsequent to quarter end, Riot announced the execution of a Data Center Lease and Services Agreement (the “Data Center Lease”) with one of the world’s leading frontier AI labs, for 191 MW of critical IT capacity at Riot’s Rockdale campus. The Data Center Lease carries an initial term of 20 years, running through June 2048, and is expected to generate approximately $9.1 billion in total initial contract revenue. The Data Center Lease also includes two five-year extension options at the tenant’s election, representing a total potential contract value of approximately $16.1 billion if both extensions are fully exercised.

This transaction secures the Company’s second tenant at the Rockdale campus, following the lease with Advanced Micro Devices, Inc. (“AMD”) announced on January 16, 2026. Together, the two agreements firmly establish Riot as a leading contracted AI data center developer.

Transaction highlights:

  • Capacity Leased: 191 MW critical IT build-to-suit Tier 3 data center at Riot’s Rockdale campus.
  • Total Contract Value: $9.1 billion over the initial 20-year term, with a total potential contract value of approximately $16.1 billion if both five-year extension options are exercised.
  • NOI Contribution: Estimated cumulative NOI range of $7.3 to $8.2 billion over the base lease term, with an estimated average annual NOI contribution of $365 to $411 million.
  • Delivery Schedule: Phased delivery schedule, with the initial 96 IT MW expected in December 2027 and full 191 IT MW deployment expected by June 2028, leveraging Riot’s existing, fully approved interconnection at the Rockdale campus.
  • Financing: $573 million interim financing facility provided by Morgan Stanley to fund initial development costs while the investment-grade credit backstop is finalized.

Second Quarter 2026 Financial and Operational Highlights

Key financial and operational highlights for the quarter include:

  • Total revenue of $174.2 million, as compared to $153.0 million for the same three-month period in 2025, a 14% increase year-over-year.
  • Data Center revenue of $23.2 million for the quarter, comprised of $4.9 million in operating lease revenue and $18.3 million in tenant fit-out services revenue, reflecting the Company’s second quarter of Data Center segment revenue and the completed delivery of the initial 25 MW to AMD.
  • Produced 1,587 bitcoin, as compared to 1,426 during the same three-month period in 2025.
  • The average cost to mine bitcoin, excluding depreciation, was $49,912 in the quarter, as compared to $48,992 per bitcoin in the same three-month period in 2025. The increase was primarily driven by higher power costs and the expansion at Riot’s Kentucky facilities.
  • Bitcoin Mining revenue of $113.7 million for the quarter, as compared to $140.9 million for the same three-month period in 2025, primarily driven by lower average bitcoin prices and an increase in global network hash rate, partially offset by an increase in Riot’s average operating hash rate.
  • Engineering revenue of $37.3 million for the quarter, as compared to $10.6 million for the same three-month period in 2025.
  • Ended the quarter with over $1.2 billion in liquid assets, including 11,380 bitcoin (of which 5,821 were held as collateral), equating to approximately $666.0 million based on the market price for one bitcoin on June 30, 2026 of $58,527, and $548.9 million in cash (of which $77.5 million is restricted).

AMD Deployment Progress at Rockdale

During the quarter, Riot completed delivery of the final 20 MW of AMD’s initial deployment, bringing the full 25 MW of commissioned capacity online, on time and on budget, and converting the lease to recurring revenue at full initial scale. Construction is now underway on the 25 MW expansion, with the 10 MW Phase 3 on track for delivery in November 2026 and the 15 MW Phase 4 to follow in May 2027, at which point AMD’s total contracted capacity of 50 MW will be fully deployed. Riot’s in-house procurement, engineering and construction capabilities continue to underpin this delivery record.

Conference Call

Riot will host a conference call on August 10, 2026 at 4:30 p.m. ET to discuss its financial results.

This conference call will be available through audio-only webcast – please use this link to register: https://edge.media-server.com/mmc/p/xk5hszcg

Participants who choose to dial into the call in the United States or internationally to ask questions, please use this toll-free number: +1 (800) 715-9871 or toll number: +1 (646) 307-1963. For both dial-in numbers, the audience passcode is 3868069.

About Riot Platforms, Inc.

Riot Platforms, Inc. (NASDAQ: RIOT) is a leading digital infrastructure company, specializing in the development of large-scale data centers and bitcoin mining applications. The Company operates digital infrastructure and Bitcoin mining facilities in central Texas and Kentucky, and engineering and fabrication facilities in Denver and Houston.

Riot’s vision is to be the world’s most trusted platform for powering and building the next digital world. Its mission is to empower the future of digital infrastructure by positively impacting the sectors, networks, and communities the Company touches.

For more information, visit Riot Platforms.