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Riot Platforms Shares Surge on $9.1B 20-Year Data Center Lease With AI Developer

Riot Platforms logoRiot Platforms
Sig4.37Sen+5.65Env-0.58Soc+0.16Gov0.00

Riot Platforms shares jumped 17% premarket after the bitcoin miner signed a 20-year, 191-megawatt data center lease valued at $9.1 billion with a leading frontier AI developer, widely reported as Anthropic. Riot framed it as a milestone in building large-scale data centers and reported Q2 revenue of $174 million, up 14% year over year, driven by data center and engineering growth.

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