Riot Platforms posts $181.4M Q3 revenue, signs $28B Corsicana lease

The Bitcoin miner locks in a 15-year data center deal in Texas as its pivot toward AI and high-performance computing picks up speed Riot Platforms reported $181.4 million in revenue for the third quarter of 2026. It also announced a 15-year, $28 billion lease for its Corsicana campus in Texas. The numbers behind the quarter Q3 revenue landed at $181.4 million, up from the $174.2 million Riot reported in Q2 2026. Bitcoin mining remains the engine paying the bills for now. In Q2, mining brought in $113.7 million, the majority of that quarter’s revenue. The Corsicana campus holds 1 gigawatt of approved utility power, which supports up to 756 megawatts of IT capacity. The Corsicana deal did not come out of nowhere. Riot disclosed a non-binding letter of intent for the site in Q2 2026. Securing a tenant there had been flagged as a pivotal item for the company. From hash rate to hyperscale Corsicana is Riot’s second major data center commitment. Earlier, the company signed a 20-year, $9.1 billion lease for 191 megawatts at its Rockdale site with a notable AI lab. Delivery of that Rockdale capacity is set to begin in late 2027. What this means for Riot and its investors The new leases at ...