Riot Platforms reported third-quarter 2026 revenue of $181.4 million. It also announced a 15-year, $28 billion lease for its Corsicana campus in Texas, which has 1 gigawatt of approved utility power supporting up to 756 megawatts of IT capacity. On November 5, the company announced $38 billion in AI data center leases, marking a strategic shift away from Bitcoin mining. Viavi Solutions expects sequential revenue gains through fiscal 2027, supported by data center and defense demand and expansion into semiconductor testing.
Riot Platforms pivots from Bitcoin mining with a massive $38 billion AI infrastructure shift, as Viavi Solutions forecasts multi-year growth in data center demand.
Read the full storyThe Bitcoin miner liquidated 20,264 tokens to fund data center construction as Q3 earnings beat estimates and annual income targets hit $2.2 billion.