Riot Platforms surges after $9.1 billion data center lease deal
11/08/2026 11:57
BUZZ-Riot Platforms surges after $9.1 billion data center lease deal ** Riot Platforms' RIOT.O shares rise 18.5% to $23 premarket
** The bitcoin miner strikes $9.1 billion long-term data center lease deal with a leading AI frontier lab - SEC filing on Monday
** Lease to supply 191 MW capacity at Riot's Rockdale facility, initially for 20 years, upon full deployment, anticipated in June 2028
** Riot's deal is with Anthropic - Bloomberg News, citing people familiar with the matter
** Bernstein raises RIOT PT to $35 from $30 — an 80.4% upside to last close;
** Says announcements "lay out a clear scale up path to monetizing these assets with strong revenue visibility"
** Up to last close, RIOT has risen 53.1% YTD
(Reporting by Anhata Rooprai in Bengaluru)