Clene Reports Third Quarter 2026 Financial Results and Recent Operating Highlights
Riot said the lease covers 910 megawatts and could generate about $1.8 billion in average annual rent.
- On Wednesday, Riot Platforms CEO Jason Les announced a 15-year, 910-megawatt triple-net powered land lease with a leading Frontier AI Lab for its Corsicana, Texas campus, representing approximately $28 billion in total contract value.
- This agreement expands Riot's pivot toward large-scale digital infrastructure, combining its existing AMD contract and earlier Rockdale lease to secure 1,151 megawatts of capacity and approximately $38 billion in long-term contracted revenue.
- Financial results for the third quarter show revenue of $181.4 million, a 1% year-over-year increase, while net income fell to about $4 million from $104.5 million in 2025 as bitcoin mining income declined.
- To fund data center development, the company sold 20,264 bitcoin year-to-date for approximately $1.5 billion and terminated its $200 million Coinbase credit facility, ending the quarter with $950.2 million in cash and bitcoin.
- Shares surged 13% following the announcement, and management expects the contracted capacity to generate more than $2 billion of average annual net operating income at full deployment, signaling a major strategic shift in the company's business model.
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Riot Platforms Soars 20% on Earnings and $28 Billion Corsicana AI Lease; Cipher Digital Plunges 13%, MARA Drops 5%
Riot Platforms just landed the biggest lease in its history while two of its closest crypto-miner rivals bled double digits in the same session, and the gap between them reveals exactly what the market is demanding before it rewards anyone else in this space.
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Enid News & EagleClene Reports Third Quarter 2026 Financial Results and Recent Operating Highlights
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🚨 Riot sold 79% of its $BTC holdings in the third quarter. 📌 The company redirected approximately $1.5 billion to its Texas-based artificial intelligence infrastructure. 📊 In the first nine months of 2026, 20,264 BTC were sold, reducing reserves from 11,380 BTC to 2,418 BTC. Read More: Riot sold 79% of its Bitcoin holdings and turned to artificial intelligence The article "Riot sold 79% of its Bitcoin holdings and turned to artificial intelli…
Bitcoin Reclaims $80,000 as Riot Reports Q3 Earnings Bitcoin News ETHNews
Bitcoin recovered 4.15% on November 4, with short liquidations intensifying the rebound after the U.S. midterm elections. Riot sold 20,264 BTC during the first nine months of 2026, redirecting capital toward AI infrastructure. RSI has recovered above 50, while MACD remains negative, leaving Bitcoin’s daily trend reversal unconfirmed. Bitcoin rebounded above $80,000 on Wednesday as […]
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