Riot signs $9.1B, 20-year lease for 191MW AI at Rockdale

RIOT Riot Platforms Inc

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1. 1Riot Platforms (RIOT) has signed a 20-year lease for 191MW of critical IT capacity at its Rockdale campus in Texas with an undisclosed Frontier AI research lab.
2. 2The Tier 3 data center deal generates about $9.1B in revenue through June 2048, with cumulative NOI of $7.3B–$8.2B over the base term.
3. 3If the tenant exercises two five-year extension options, the potential contract value rises to about $16.1B, and combined contracted IT capacity with AMD totals 241MW.

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