StocksMediumUpdated×2•Originally published 5 November 2026•Updated 5 November 2026•
1 min read
Riot Platforms Stock Jumps as Company Reveals $28 Billion AI Data Center Lease Value
Key Facts
1Riot Platforms shares jumped nearly 15% after disclosing the sale of 20,264 BTC worth $1.5 billion during the first nine months of 2026.
2The company sold 10,599 BTC in the third quarter alone to fund its artificial intelligence data center expansion.
Riot Platforms shares surged nearly 15% following the disclosure that its Corsicana AI data center lease agreement is valued at approximately $28 billion. Hokanews reported the 15-year, 910 MW deal coincides with the company's liquidation of 20,264 BTC worth roughly $1.5 billion during the first nine months of 2026.
RIOT closed at $15.37 on November 4, 2026, with the stock trading between a session low of $15.07 and a high of $16.2. According to company figures, the infrastructure expansion was funded by selling 10,599 BTC in the third quarter alone, reducing total Bitcoin reserves from 11,380 BTC to 2,418 BTC.