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Riot Platforms posts $237.2M loss as it signs a 20-year AI data lease
The deal with Anthropic is expected to generate about $9.1 billion in total initial contract revenue and an average of roughly $457 million per year through June 2048.
Riot Platforms shares fell sharply after its Aug. 10, 2026 quarterly earnings release, when the company reported a $237.2 million net loss.
MarketBeat Ratings notes that the loss was amplified by more than $240 million in non-cash items, including mark-to-market valuation changes tied to Bitcoin holdings, along with depreciation and amortization and impairments from repurposing legacy mining facilities.
Beyond the accounting results, Riot Platforms executed a 20-year, 191-megawatt Tier 3 data center lease with Anthropic at its Rockdale, Texas campus, a pivot from crypto mining to AI hosting infrastructure.
The initial contract is expected to generate approximately $9.1 billion in total revenue, with projected cumulative net operating income of $7.3 billion to $8.2 billion over the base term, and additional upside if two five-year tenant extension options are exercised to bring total potential contract value to about $16.1 billion.
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