AICointelegraphabout 2 hours ago
Riot Secures $28B AI Data Center Lease
3 min read
Riot Platforms announced a $28 billion, 15-year lease for 910 megawatts at its Texas facility to build AI infrastructure. The deal shifts cash flow from Bitcoin mining to AI tenants like Anthropic, with delivery expected in September 2027. Meanwhile, rival Hut 8 shares fell 22% after reporting a 15% revenue drop to $71.1 million.
Level
Hype check
Tap to vote and see what everyone thinks.
