Riot Platforms

Subsequent to quarter end, Riot announced the execution of a Data Center Lease and Services Agreement (the “Data Center Lease”) with one of the world’s leading frontier AI labs, for 191 MW of critical IT capacity at Riot’s Rockdale campus. The Data Center Lease carries an initial term of 20 years, running through June 2048, and is expected to generate approximately $9.1 billion in total initial contract revenue. The Data Center Lease also includes two five-year extension options at the tenant’s election, representing a total potential contract value of approximately $16.1 billion if both extensions are fully exercised.

Extension: Two five-year extension options at tenant’s election; total potential contract value approximately $16.1 billion if both extensions are fully exercised.

Riot has entered into the Data Center Lease and Services Agreement with Advanced Micro Devices, Inc. (AMD) to deliver 25 MW of critical IT load capacity at the Rockdale Site. The Data Center Lease carries an initial term of 10 years and is expected to generate approximately $311.0 million in contract revenue.

Extension: Three five-year extension options; if fully exercised, contract revenue would be approximately $1.0 billion.

Financing: $573 million interim financing facility provided by Morgan Stanley to fund initial development costs while the investment-grade credit backstop is finalized.