Riot Platforms Signs Landmark 20-Year AI Lease Worth Up to $16.1 Billion, Beats Q2 Revenue Expectations
Riot Platforms reports Q2 revenue beat of $174.2M and signs 20-year 191 MW AI lease expected to generate $9.1B in contracted revenue.
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#Earnings Movers↓
Greg Abel Finally Puts Berkshire’s Massive Cash Pile to Work
Berkshire Q2 profit jumps 16% to $13B, beating forecasts. CEO Abel cuts cash pile, buys $10B Alphabet stock & accelerates $7.8B buybacks.
MARA Misses Q2 Revenue and Earnings Estimates as Bitcoin Weakness Hits Results
Revenue hit $174.9M (down 27%), net loss $1.60/share from Bitcoin mark-to-market losses.
CleanSpark Jumps on Major AI Data Center Lease Progress Despite Earnings Miss
Progress on its $6.6B Sandersville AI data center lease and stronger balance sheet outweighed the earnings miss.
Wendy’s Cuts Dividend and Withdraws Guidance After Sharp Same-Store Sales Decline
CEO Bob Wright cuts dividend 50% and outlines five-point recovery plan.
Under Armour Posts Small Profit Despite Sales Drop, Cuts Full-Year Revenue Outlook
Under Armour posts small Q1 profit (adj. EPS $0.05 beats estimates) as sales fall 3% to $1.1B. Company cuts full-year revenue outlook on weak North America demand.