Riot Platforms는 익명의 프런티어 AI 연구소와 910MW 규모의 계약을 체결했으며, 텍사스주 코시카나 데이터센터에서 해당 용량을 제공할 예정이다.

Riot Platforms has signed a 910MW IT capacity contract with an unnamed AI lab for its Corsicana data center campus in Texas.

According to the company, the deal is a triple-net lease running 15 years, with two five-year extension periods. The contract is valued at $28 billion, rising to $54 billion if all extension options are exercised. It will account for the entirety of Riot's Corsicana data center outside Dallas, in Navarro County.

Jason Les, CEO of Riot, said: "Together with our AMD contract and the lease signed with the same Frontier AI Lab at Rockdale earlier this year, Riot has contracted 1.1GW and approximately $38 billion of data center revenue, which we expect will generate more than $2 billion of average annual net operating income at full deployment, firmly establishing Riot as a leading developer of large-scale digital infrastructure."

He added: "The structure of this new lease matters as much as the scale. With total capital costs of approximately $6 million per IT megawatt, the Corsicana development will require about half the capital of a Tier 3 build while significantly limiting procurement, development, and ongoing operational risk to Riot. That lower capital requirement, combined with our strong balance sheet, means that we do not currently anticipate issuing equity to fund our announced projects. As these significant contracted cash flows come online, we will allocate our capital with discipline to whichever use creates the most value per share, whether that is our development pipeline or returning capital to shareholders."

The capacity will be delivered in phases, ultimately reaching 910MW. Riot expects to deliver 400MW in September 2027, adding 200MW in January 2028 and 310MW in July 2028.

Formerly known as Riot Blockchain, Riot is one of the world's largest Bitcoin miners but has been pivoting toward AI and HPC data centers since 2024.

Corsicana is located in Navarro County, about 50 miles southeast of Dallas. The campus currently offers 400MW for Bitcoin mining, which is presumably now to be transitioned to AI and HPC for the unnamed customer. In May 2026, the company revealed it was building a new two-story data center on the site totaling 335,430 sq ft (31,160 sqm). Development on the $400 million project is set to run from April 2026 to May 2028.

Riot previously acquired an additional 238 acres at the site, and the campus was said to potentially total 11 buildings and 672MW, with potential to expand further to 1GW.

Elsewhere in Texas, Riot operates a data center campus in Rockdale. AMD is a customer there, leasing 50MW of capacity, as is Anthropic, which recently signed on for 191MW at the site.

Riot also owns two operational sites in Kentucky, totaling 60MW, after acquiring Block Mining in July 2024. The sites could total more than 300MW at full build-out. Greenpeace has previously accused Riot of operating the "largest, and one of the most energy- and carbon-intensive, Bitcoin mines in the US."

Alongside the customer announcement, Riot released its Q3 earnings results. Revenue was $181.4m, up from $180.2m a year earlier. Data center revenue was $18.4m, while Bitcoin mining brought in $116m.