Riot Platforms (RIOT) Stock: Surges 14% as $28B Frontier AI Deal Lifts Contracted Revenue to $38B

TLDR Riot stock jumps 14.84% as a $28B AI lease lifts contracted revenue to $38B. Riot secures a 15-year AI lease covering 910 MW at its Corsicana campus. Riot’s data center contracts reach 1,151 MW, with $38B in future revenue. Riot reports $181.4M in Q3 revenue as engineering growth offsets mining declines. Riot sells 20,264 Bitcoin for $1.5B to support its expanding data center business. Riot Platforms (RIOT) shares climbed 14.84% to $16.10, adding $2.08 during morning trading. The rally followed a major expansion of the company’s data center business through a $28 billion artificial intelligence lease.