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Riot Platforms signs $28bn AI lease covering its entire Corsicana site

NewsFeeds update

Riot Platforms has signed a $28bn AI leasing deal covering all of its Corsicana campus. The Bitcoin miner has sold 20,264 BTC so far this year to fund data centre construction; mining still brought in about 64% of third-quarter revenue.

MiningChainCatcherAIBearish

Read the original on ChainCatcher

The story so far: Riot Platforms bitcoin sales

Riot Platforms has been selling Bitcoin to fund data-centre development and debt repayment, including 8,962 BTC in a recent sale that left it with 2,418 BTC. It now says it expects to sell nearly all newly mined Bitcoin rather than rebuild a large reserve. Hut 8 separately raised about $250m selling Bitcoin.

  1. Riot says it sold about 20,264 BTC in first nine months of 2026

    Riot Platforms reported third-quarter revenue of $181m and net profit of $4.03m, down from $104m a year earlier. It sold about 20,264 BTC for roughly $1.5bn in the first nine months, mainly to fund data-centre construction, and held 2,418 BTC at 30 September.

    MiningOdailyAIBearish

  2. Riot Platforms sells 8,962 BTC for data centre development and debt repayment

    Bitcoin Treasuries says listed Bitcoin miner Riot Platforms has sold 8,962 BTC to fund data centre development and repay debt, leaving it with 2,418 BTC.

    BitcoinOdailyAIBearish

  3. Riot Platforms shares rise 21% premarket after Q3 revenue beat

    Riot Platforms shares jumped 21% in premarket trading after the company's third-quarter revenue beat expectations, Binance market data showed.

    MiningPANewsAIBullish

  4. Riot Platforms signs $28bn AI lease covering its entire Corsicana site

    Riot Platforms has signed a $28bn AI leasing deal covering all of its Corsicana campus. The Bitcoin miner has sold 20,264 BTC so far this year to fund data centre construction; mining still brought in about 64% of third-quarter revenue.

    MiningChainCatcherAIBearish

  5. Hut 8 sells 3,102 Bitcoin for about $250m as Riot plans to sell nearly all new output

    Hut 8 sold 954 Bitcoin in the third quarter for $74.8m to fund buybacks and another 2,148 in October for $175m, raising about $250m in total. Riot Platforms says it expects to sell nearly all newly mined Bitcoin to fund development and operations rather than rebuild a large reserve.

    BitcoinOdailyAIBearish

More Mining updates

  1. Riot Platforms shares rise 21% premarket after Q3 revenue beat

    MiningPANewsAIBullish

  2. Riot says it sold about 20,264 BTC in first nine months of 2026

    MiningOdailyAIBearish

  3. Space-based Bitcoin mining is feasible but not yet economic, analysis finds

    MiningCoinNessAINeutral

Every Mining update on NewsFeeds

Every update is a short rewrite, by AI in our own words, of a flash from the outlet named on it, credited and linked. Updates are joined into one story by AI; our editors can change a story’s name or take an update out. Not investment advice.