Riot posts Q2 revenue up 14% to $174M; inks $9.1B AI data center lease

Riot Platforms, Inc.

Q2 revenue $174.2M (+14% YoY); net loss $(237)M, diluted EPS $(0.68); adjusted EBITDA $(70)M.
Signed 20-yr, 191 MW lease with frontier AI lab at Rockdale, $9.1B initial revenue, up to $16.1B with extensions.
Delivered initial 25 MW to AMD on schedule; 25 MW expansion under construction, full 50 MW by May 2027.
Total contracted 241 MW across AMD + AI lab (~$9.8B revenue); $573M Morgan Stanley interim financing.
Bitcoin mining revenue $113.7M, cost to mine $49,912; produced 1,587 BTC; liquidity $1.2B (11,380 BTC, $549M cash).

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