Clene Reports Third Quarter 2026 Financial Results and Recent Operating Highlights
The deal lifts Riot’s contracted data center revenue to about $38 billion and is expected to generate more than $2 billion in annual net operating income.
- On Wednesday, November 4, 2026, Riot Platforms announced a 15-year, 910 MW triple-net powered land lease at its Corsicana campus with a leading Frontier AI Lab, representing approximately $28 billion in contracted revenue over the initial term.
- Combined with prior Rockdale agreements involving AMD and a Frontier AI Lab, the deal brings Riot's total contracted data center capacity to 1,151 MW, representing approximately $38 billion in long-term revenue.
- Riot reported $181.4 million in third-quarter revenue, up 1% year-over-year, while year-to-date bitcoin sales of 20,264 generated approximately $1.5 billion to fund data center development.
- Market reaction favored the infrastructure shift, with Riot shares surging 13% while rival Cipher Digital plunged 17%, reflecting investor demand for companies executing the crypto-to-AI conversion.
- Construction risks persist through 2028 as Texas faces potential data center moratoriums, and Riot's 5,821 bitcoins held as collateral restrict liquidity amid the development timeline.
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14 Articles
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
Submitted a New Drug Application (NDA) to the U.S. Food and Drug Administration (FDA) in October 2026 seeking accelerated approval for CNM-Au8® in amyotrophic lateral sclerosis (ALS) Completed a $4.0 million registered direct offering in September that is expected to…
Riot Platforms (RIOT) Stock: Surges 14% as $28B Frontier AI Deal Lifts Contracted Revenue to $38B
TLDR Riot stock jumps 14.84% as a $28B AI lease lifts contracted revenue to $38B. Riot secures a 15-year AI lease covering 910 MW at its Corsicana campus. Riot’s data center contracts reach 1,151 MW, with $38B in future revenue. Riot reports $181.4M in Q3 revenue as engineering growth offsets mining declines. Riot sells 20,264 [...]
The sales of Bitcoin of Riot Platforms reached 10,599 in the third quarter, with reserves reduced by almost 79% between 30 June and 30 September. Key points At the end of September Riot held 2,418 Bitcoin. In the first nine months, the sale of Bitcoin made about 1.5 billion dollars. [...]
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