Riot Sells More Than 20,000 Bitcoin as AI Data-Centre Contracts Reach $38B

Brief

By Dextape Desk · November 9, 2026

Riot Platforms disclosed in its third-quarter earnings report, published on November 4, that it has sold 20,264 bitcoin so far this year, bringing in close to $1.5 billion, mostly to pay for data-centre construction. The miner also secured a 15-year lease on powered land at its Corsicana campus covering 910 critical IT megawatts, which the filing values at around $28 billion over the base term. Across the company, long-term contracted data-centre revenue now totals roughly $38 billion, with 1,151 MW leased in all. Quarterly revenue reached $181.4 million, close to the prior-year level. Mining income fell to $116 million from $160.8 million even as output rose to 1,637 BTC, a decline Riot largely ties to a lower average realised price. Engineering and data-centre revenue reached $47 million and $18.4 million. Lease values depend on delivery milestones and counterparties, not cash already earned.

Why it matters: The filing shows a major miner moving part of its bitcoin holdings toward funding data-centre leasing, a shift that could change how mining companies earn revenue.

Mentioned: Bitcoin

Summary by Dextape, based on reporting by NewsBTC. Machine-written from NewsBTC’s report and checked against it · How Dextape writes