StocksMediumUpdated•Originally published 4 November 2026•Updated 4 November 2026•
1 min read
Riot Platforms Stock Surges 20% on $181.4M Revenue and Major AI Lease
Key Facts
1Riot Platforms reported $181.4 million in revenue for the third quarter of 2026.
2The company announced a 15-year, $28 billion lease for its Corsicana campus in Texas.
Riot Platforms stock surged 20% to $16.88 in early trading on November 4, 2026, following the company's earnings report and a new lease agreement. The Bitcoin miner reported Q3 2026 revenue of $181.4 million, according to Crypto Briefing, and announced a 15-year, $28 billion lease for its Corsicana campus in Texas.
RIOT was trading at $16.88 on November 4, 2026, rising sharply from its previous close of $14.02 on November 3, 2026. The new lease is designed to support up to 756 megawatts of IT capacity for mining and AI operations, as the company continues to manage a $573 million bridge facility due for repayment by December 31, 2026.