Riot Signs $28 Billion AI Lease for Entire Corsicana Campus
Headline from The Defiant
Key points
- Bitcoin miner Riot has signed a $28 billion lease agreement to convert its entire Corsicana campus for artificial intelligence data centers.
- To help finance its pivot into data infrastructure, the company sold 20,264 BTC during the year.
- Despite the major strategic shift toward AI hosting, cryptocurrency mining still generated approximately 64% of Riot's total third-quarter revenue.
Summarized automatically by Kryptokite from reporting by The Defiant. Read the original sources for full detail.
Coins mentioned
Sources
- The DefiantRiot Signs $28 Billion AI Lease for Entire Corsicana Campus · 38 minutes agoRead on The Defiant
Story timeline
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Kryptokite links to the original reporting and never republishes full articles. Summaries are written automatically and may contain mistakes; nothing here is financial advice.