Shares of Riot Platforms Inc (NASDAQ:RIOT) rose sharply in pre-market trading after the company reported second-quarter financial results.
Riot reported second-quarter revenue of $174.20 million, beating analyst estimates of $152.06 million, according to Benzinga Pro.
The company reported a second-quarter adjusted EBITDA loss of $69.73 million.
Subsequent to quarter’s end, Riot signed a 20-year data center lease with a "leading frontier AI lab" for 191 megawatts of capacity at the company’s Rockdale campus.
Riot Platforms shares jumped 18.9% to $23.07 in pre-market trading.
