RIOT launches Data Center segment with $9.1B AI lease, swings to operating loss on Rhodium hit

Filed August 10, 2026 · Period ending June 30, 2026 · Compared to 10-Q Jul 31, 2025 · ~2 min read

Key Changes

• high

  Signed 20-year, 191 MW data center lease with frontier AI lab expected to generate ~$9.1B in base rent over initial term; deployment Dec 2027 / Jun 2028. Backed by $573M Morgan Stanley credit facility for long-lead equipment.

  Notes: Frontier AI lab lease (subsequent event) view on EDGAR →
• high

  Operating income swung from $216.1M profit to -$239.4M loss YoY, driven by $158.1M Rhodium litigation settlement charge. Revenue rose 13.9% to $174.2M on new Data Center segment ($56.4M), offsetting 20.5% Bitcoin Mining decline.

  MD&A: Operating result / Revenue YoY verify on EDGAR →
• high

  Established Data Center as third reportable segment (alongside Bitcoin Mining, Engineering) after AMD lease generated material revenue in Q1 2026. Segment includes $633M in future undiscounted lease payments through 2030+.

  Notes: Data Center segment creation view on EDGAR →