Riot Platforms’ financial results spotlight a 15-year, $28B AI campus lease

Riot Platforms’ financial results for the third quarter of 2026 came with the largest lease in its history: a 15-year agreement worth approximately $28 billion with a leading Frontier AI Lab for its entire Corsicana campus. Reported on November 4, 2026, the deal covers 910 megawatts of critical IT capacity, while quarterly mining revenue fell despite higher bitcoin production. Key takeaways Corsicana’s lease provides approximately $1.8 billion in average annual rent. Quarterly revenue reached $181.4 million, up 1% year over year. Riot currently expects no equity issuance to fund its announced projects.