Market-Moving News for August 11th
RIOT: 23% | Riot Platforms Executes 20-Year, 191 MW Data Center Lease With Frontier AI Lab For $9.1B Revenue; Data Center Lease Extensions Could Increase Total Contract Value To $16.1B; Estimated NOI From Lease
Riot Platforms signed a huge, long-term deal to rent computer power to an AI company for $9.1 billion, which could grow even bigger. This shows a major company believes in Riot's business and is willing to pay a lot, which is worth watching to see if Riot can deliver on its promises.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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