Riot Platforms, Inc.

“Companies like Mara, like Riot, like Semler, like Metaplanet, like KULR are all beginning to adopt Bitcoin as a treasury reserve asset.”

Strategy cites Riot as part of a growing cohort of companies adopting Bitcoin as a corporate treasury reserve asset, a trend it views as validating and accelerating its own Bitcoin treasury strategy.

“a $158.1 million loss on contract settlement with Rhodium”

Riot recorded a $158.1M loss on a contract settlement with Rhodium, a former hosting counterparty, a negative read-through on that dispute's resolution.

“AMD is a global leader in the AI ecosystem with an S&P credit rating of A and to have a tenant of AMD's caliber entrust Riot to deliver mission-critical infrastructure sends a definitive message to the broader market.”

Riot highlights AMD's A credit rating and AI-ecosystem leadership as the anchor tenant underpinning favorable financing on its Rockdale data center.

“On the leasing front, we announced our first lease with AMD in January of 2026, demonstrating Riot's capabilities as a credible developer and operator.”

AMD is Riot's first data center leasing customer, validating Riot as a credible AI-infrastructure developer.

“Number one, Rhodium settlement and asset acquisition. In the prior quarter, we successfully settled this legacy hosting contract, which previously led to ongoing losses and litigation costs.”

Riot settled its legacy hosting contract and related litigation with Rhodium and acquired the associated assets, removing an ongoing drag on earnings.

“Meta commented that they keep thinking that they're being too aggressive or being very aggressive in overbuilding and they keep finding themselves on the short side instead.”

Riot cites Meta's own commentary that it keeps under-building data center capacity, as validation of insatiable hyperscaler demand for the power/data-center capacity Riot is developing.

“engaged Altman Solon to perform a comprehensive evaluation of the Corsicana site”

Riot engaged consulting firm Altman Solon to evaluate the feasibility of its Corsicana data center site.

“Direct savings to Riot on CapEx spend associated with ESS Metron since its acquisition in December 2021 already totaled $18.5 million to date, and we anticipate additional ongoing cost savings well into the future.”

Riot's December 2021 acquisition of ESS Metron has generated $18.5 million in cumulative CapEx savings to date.

“through our acquisition of E4A Solutions last year, the engineering business also brings added in-house expertise in commissioning, operating and maintaining electrical infrastructure, allowing us to better maintain existing equipment, which reduces downtime and extending the life cycle of our equipment, which reduces additional CapEx spend.”

Riot's engineering business gained added expertise through its acquisition of E4A Solutions, reducing downtime and CapEx on electrical infrastructure maintenance.

“we have recently entered into purchase orders with MicroBT for new miners to be deployed at both Rockdale and Kentucky. In total, this order consists of 10 exahash of MicroBT's most efficient miner, the M60S++ with an efficiency rating of 15.5 joules per terahash.”

Riot ordered 10 exahash of new mining rigs from equipment supplier MicroBT for deployment at Rockdale and Kentucky.

“raising additional funds via a $200 million Bitcoin collateralized financing facility with Coinbase, allowing us to reduce issuance of stock through our ATM and fund our multiple growth opportunities, driving long-term shareholder value creation.”

Riot uses a $200 million Bitcoin-collateralized financing facility with Coinbase to fund growth without diluting shareholders via its ATM program.

“and was positively impacted by the release of $26 million in restricted cash associated with the post-closing dispute settlement with Northern Data.”

Riot's Q2 net income was boosted by the release of $26 million in restricted cash tied to a post-closing dispute settlement with Northern Data.

“With the closing of the Rhodium asset acquisition during the second quarter, we now have access to an additional 125 megawatts of power capacity at our Rockdale facility.”

Riot closed its acquisition of Rhodium's mining assets in Q2, adding 125 megawatts of power capacity at Rockdale.