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Riot Platforms
Capacity landlordMiner pivotNASDAQ:RIOTRiot Platforms is a capacity landlord that began as a bitcoin miner based in Castle Rock, United States. It is publicly listed (NASDAQ:RIOT).
Capacity, contracted1.15 GWas disclosed
Capacity, operating—not disclosed
Market cap$6.63Bmarket cap, 9 Nov 2026
Compute deals on record3$37.4B confirmed contract value
Key facts
| Classification | Capacity landlord, miner pivotHow types are assigned |
| Status | Listed, NASDAQ:RIOT |
| Headquarters | Castle Rock, United States |
| Capacity and backlog | Riot reported 1,151 MW of leased critical IT and about $38 billion of contracted revenue, including an AMD contract (Q3 2026 results). Its quarterly report names Anthropic as the tenant of the entire 910 MW Corsicana, Texas campus under a 15-year powered-land lease of about $28 billion (about $54 billion with extensions), delivered in phases from September 2027 to July 2028; the same lab leases 191 MW at Rockdale. |
| Named customers | Anthropic, AMD |
| Latest financing | $573M, senior secured delayed-draw term loan (Rockdale lease), Aug 2026 |
| Debt and financing | In August 2026 Riot closed a $573 million senior secured delayed-draw term loan tied to the Rockdale lease. Under the Corsicana lease, reimbursements to the tenant for the build-out are expected to be funded with non-recourse project debt sized to contracted rent, with Riot's cash contribution from existing liquidity and no equity issuance required; in the first nine months of 2026 Riot repaid and terminated its $200 million Coinbase credit facility (Q3 2026 results). |
| Website | riotplatforms.com |
| Profiles and work | X @RiotPlatformsLinkedInYouTubeHow links are checked, checked 10 Nov 2026 |
Compute deals and financings
| Date | Counterparty | Role | Type | Value | Capacity | Status | Source · checked |
|---|---|---|---|---|---|---|---|
| 4 Nov 2026 | Anthropic | Provider | Colocation lease | $28B | 910 MW | Confirmed | sec.gov Approximately $28 billion of total contract value and approximately $1.8 billion of average annual rentchecked 9 Nov 2026 |
| 10 Aug 2026 | Anthropic | Provider | Colocation lease | $9.1B | 191 MW | Confirmed | sec.gov expected to generate approximately $9.1 billion in total initial contract revenuechecked 9 Nov 2026 |
| 16 Jan 2026 | AMD | Provider | Colocation lease | $311M | 25 MW | Confirmed |
Latest posts on X
The most recent posts from @RiotPlatforms, the X account of Riot Platforms, quoted as posted. Replies and reposts are left out. How posts are selected.
More than 1 GW. Contracted. In January, we signed our first data center lease. Today, Riot has 1.15 GW under contract across Rockdale and Corsicana.
View the post on X · With video
In 2026, Riot has contracted about $38 billion of long-term data center revenue, with extensions up to $72 billion.
View the post on X · With 1 image
910 MW. 15 years. One campus. Today we announced the largest lease in Riot's history, with a leading frontier AI lab at Corsicana: approx. $28 billion in total contract revenue over the 15-year initial term. View the full details: d2ghdaxqb194v2.cloudfront.net/2865/202130…
View the post on X · With 1 image
checked 10 Nov 2026
Is Riot Platforms publicly traded?
Yes. Riot Platforms is listed as NASDAQ:RIOT. Its market capitalisation was $6.63B on 9 Nov 2026. Company filings are the primary source for its capacity, backlog and debt figures.
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Other capacity landlords on the ledger
| Company | Status | Contracted | Operating | Valuation / market cap |
|---|---|---|---|---|
| HHut 8 | NASDAQ:HUT | 949 MW | — | $6.84B |
| TTeraWulf | NASDAQ:WULF | 839 MW | 102 MW | $6.18B |
| GGalaxy Digital | NASDAQ:GLXY | 526 MW | 133 MW | $5.67B |
| AApplied Digital | NASDAQ:APLD | 1.41 GW | 250 MW | $5.06B |
| CCore Scientific | NASDAQ:CORZ | 1.1 GW | 485 MW | $4.1B |
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