๐ RIOT rips +19% premarket on Q2 revenue beat + $9B AI data center deal
Riot Platforms ($RIOT) is surging in early premarket trading after posting Q2 revenue of $174M, crushing the $152M analyst estimate by 17%. The real catalyst: Riot just signed a 20-year, 191-megawatt data center lease with an unnamed leading frontier AI lab at its Rockdale, TX campus โ worth ~$9.1 billion in total initial contract revenue. Bitcoin miner turning AI infrastructure play? Not financial advice. Is this the pivot that finally re-rates RIOT for the long haul?
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