Riot signs $9.1B, 20-year lease but still must fund Texas buildout
- —Lease runs through June 2048 with two five-year extension options
- —Projected $365–411 million in annual net operating income
- —Trailing 12-month loss of $1.32 billion on a -28.26% gross margin
- —Liquid assets above $1.2 billion at end of Q2, partly in pledged BTC
Why it matters: The miner's pivot to AI data centers hinges on securing investment-grade financing before the bridge loan matures.
Source: DiarioBitcoin