Riot Platforms (RIOT) Stock Climbs 14% After Landing $28 Billion Texas Lease

TLDR Riot Platforms (RIOT) stock rose about 14% to $15.49 on Wednesday, after an 18% jump Tuesday. Riot signed a 15-year, $28 billion AI data center lease for 910 megawatts in Corsicana, Texas. The company sold 10,599 BTC in Q3, cutting its Bitcoin holdings by nearly 79%. Q3 revenue rose 1% to $181.4 million, but net income fell to $4.03 million. Hut 8 (HUT) stock dropped as much as 22% after a revenue miss. Riot Platforms (RIOT) stock traded at $15.49 on Wednesday, up about 14%. That follows an 18.41% rally on Tuesday, so the stock has had quite a two-day run. Riot Platforms, Inc., RIOT The move came after Riot announced a $28 billion AI data center lease. It is the largest deal in the company’s history.

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