Riot Stock Soars on $9.1 Billion AI Data Center Deal

Riot Platforms' stock surged nearly 25% in pre-market trading on August 11 after announcing a long-term AI data center agreement worth an estimated $9.1 billion.

The deal, which marks another step in Riot's transition from a pure Bitcoin miner to an AI infrastructure provider, involves a 20-year lease at the company's Rockdale campus in Texas.

Riot will provide 191 megawatts of critical IT capacity to a leading frontier AI lab, with the first 96 megawatts expected to be delivered by December 2027 and full deployment targeted for June 2028.