Riot Platforms Reports Second Quarter 2026 Financial Results and Strategic Highlights

Castle Rock, Colorado - August 10, 2026 (NUVEX WIRE) - Riot Platforms, Inc. (NASDAQ: RIOT) (“Riot” or “the Company”), a vertically-integrated industry leader in digital infrastructure, specializing in the development of large-scale data centers and bitcoin mining applications, reported financial results for the three-month period ended June 30, 2026. The accompanying presentation materials are available on Riot’s website.

“Today’s announcement of a landmark 20-year, 191-megawatt data center lease with a leading frontier AI lab marks a defining moment in our evolution into a leading developer of large-scale data centers,” said Jason Les, CEO of Riot. “It builds directly on a strong second quarter, in which we completed delivery of the initial 25 megawatts to AMD on time and on budget. In just over six months, Riot has now executed leases totaling 241 megawatts of capacity, representing approximately $9.8 billion of long-term, contracted revenue with two of the most important companies in the AI ecosystem.

“Our platform stands apart through three elements working together: multi-gigawatt-scale power capacity that is already fully approved and energized, in-house data center development expertise, and the ability to engineer custom infrastructure for computing’s most demanding workloads. With all three, and the financial resources to deploy them already secured, we are positioned to convert strong market demand from high-quality tenants into compounding shareholder value.”

191 IT MW Data Center Lease with a Leading Frontier AI Lab at Rockdale

Subsequent to quarter end, Riot announced the execution of a Data Center Lease and Services Agreement with one of the world’s leading frontier AI labs for 191 MW of critical IT capacity at Riot’s Rockdale campus. The Data Center Lease carries an initial term of 20 years, running through June 2048, and is expected to generate approximately $9.1 billion in total initial contract revenue. The agreement also includes two five-year extension options at the tenant’s election, representing a total potential contract value of approximately $16.1 billion if both extensions are fully exercised.

This transaction secures the Company’s second tenant at the Rockdale campus, following the lease with Advanced Micro Devices, Inc. (“AMD”) announced on January 16, 2026. Together, the two agreements firmly establish Riot as a leading contracted AI data center developer.

Transaction highlights:

• Capacity Leased: 191 MW critical IT build-to-suit Tier 3 data center at Riot’s Rockdale campus.
• Total Contract Value: $9.1 billion over the initial 20-year term, with a total potential contract value of approximately $16.1 billion if both five-year extension options are exercised.
• NOI Contribution: Estimated cumulative NOI range of $7.3 billion to $8.2 billion over the base lease term, with an estimated average annual NOI contribution of $365 million to $411 million.
• Delivery Schedule: Phased delivery, with the initial 96 IT MW expected in December 2027 and full 191 IT MW deployment expected by June 2028.
• Financing: $573 million interim financing facility provided by Morgan Stanley to fund initial development costs while the investment-grade credit backstop is finalized.

Second Quarter 2026 Financial and Operational Highlights

• Total revenue of $174.2 million, compared with $153.0 million for the same three-month period in 2025, a 14% increase year-over-year.
• Data Center revenue of $23.2 million, comprising $4.9 million in operating lease revenue and $18.3 million in tenant fit-out services revenue.
• Produced 1,587 bitcoin, compared with 1,426 during the same period in 2025.
• Average cost to mine bitcoin, excluding depreciation, was $49,912, compared with $48,992 per bitcoin in the second quarter of 2025.
• Bitcoin Mining revenue was $113.7 million, compared with $140.9 million in the same period of 2025.
• Engineering revenue was $37.3 million, compared with $10.6 million in the same period of 2025.
• Riot ended the quarter with more than $1.2 billion in liquid assets, including 11,380 bitcoin and $548.9 million in cash.

AMD Deployment Progress at Rockdale

During the quarter, Riot completed delivery of the final 20 MW of AMD’s initial deployment, bringing the full 25 MW of commissioned capacity online, on time and on budget, and converting the lease to recurring revenue at full initial scale. Construction is underway on the 25 MW expansion, with the 10 MW Phase 3 on track for delivery in November 2026 and the 15 MW Phase 4 to follow in May 2027, at which point AMD’s total contracted capacity of 50 MW will be fully deployed.

Conference Call

Riot will host a conference call on August 10, 2026 at 4:30 p.m. ET to discuss its financial results. Participants may register for the audio-only webcast at edge.media-server.com. Participants who wish to ask questions may call +1 (800) 715-9871 in the United States or +1 (646) 307-1963 internationally, using audience passcode 3868069.

About Riot Platforms, Inc.

Riot Platforms, Inc. (NASDAQ: RIOT) is a leading digital infrastructure company specializing in the development of large-scale data centers and bitcoin mining applications. The Company operates digital infrastructure and Bitcoin mining facilities in central Texas and Kentucky, and engineering and fabrication facilities in Denver and Houston.

Riot’s vision is to be the world’s most trusted platform for powering and building the next digital world. Its mission is to empower the future of digital infrastructure by positively impacting the sectors, networks, and communities the Company touches. For more information, visit riotplatforms.com.

Safe Harbor

Statements in this press release that are not historical facts are forward-looking statements that reflect management’s current expectations, assumptions, and estimates of future performance and economic conditions. Because such statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied. These risks include, among others, risks relating to data-center development, construction plans, delays, supply-chain issues, permitting or regulatory hurdles, demand for large data centers, leasing arrangements, financing, Bitcoin mining operations, power availability, acquisitions and the realization of expected strategic and financial benefits.

Detailed information regarding factors that may cause actual results to differ materially may be found in the Company’s filings with the U.S. Securities and Exchange Commission, including the “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” sections of its most recently filed reports on Form 10-K and Form 10-Q. Copies are available at sec.gov. Forward-looking statements are made only as of the date of this release, and the Company disclaims any obligation to update them except as required by law.

Non-U.S. GAAP Measures of Financial Performance

Riot evaluates non-GAAP financial measures including Adjusted EBITDA, which is computed from EBITDA and adjusted to eliminate certain non-cash or non-recurring items that do not reflect ongoing strategic business operations. Adjusted EBITDA is provided in addition to, and should not be considered a substitute for or superior to, net income or other measures prepared under GAAP. The complete reconciliations and cost-to-mine tables are available in the original release.