Riot Platforms has signed AI data-center leasing agreements with two large technology customers covering 241 megawatts of critical IT capacity and generating an estimated $9.8 billion in long-term contracted revenue. The largest agreement covers a 191MW build-to-suit facility at Riot’s Rockdale campus in Texas, leased to a leading AI laboratory for an initial 20-year term through June 2048. It is expected to produce about $9.1 billion in contracted revenue, rising to approximately $16.1 billion if both five-year renewal options are exercised. Riot estimates cumulative net operating income of $7.3 billion to $8.2 billion during the initial term, or about $365 million to $411 million annually. The first 96MW is expected to be delivered in December 2027, with the full 191MW deployment planned for June 2028. The expansion comes as Riot’s Bitcoin-mining revenue fell to $113.7 million from $140.9 million in the second quarter, while engineering revenue rose to $37.3 million from $10.6 million. Total quarterly revenue increased 14% year over year to $174.2 million. At the end of the quarter, Riot held more than $1.2 billion in liquid assets, including 11,380 Bitcoin valued at about $666 million and $548.9 million in cash, of which $77.5 million was restricted, supporting its AI infrastructure expansion.