{"id":74144,"date":"2026-11-04T11:38:25","date_gmt":"2026-11-04T15:38:25","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/riot-platforms-secures-landmark-28b-ai-deal-us-services-growth-moderates\/74144\/"},"modified":"2026-11-04T11:38:25","modified_gmt":"2026-11-04T15:38:25","slug":"riot-platforms-secures-landmark-28b-ai-deal-us-services-growth-moderates","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/riot-platforms-secures-landmark-28b-ai-deal-us-services-growth-moderates\/74144\/","title":{"rendered":"Riot Platforms Secures Landmark $28B AI Deal; US Services Growth Moderates"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_89 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/riot-platforms-secures-landmark-28b-ai-deal-us-services-growth-moderates\/74144\/#Key_Takeaways\" >Key Takeaways<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/riot-platforms-secures-landmark-28b-ai-deal-us-services-growth-moderates\/74144\/#Riot_Platforms_Pivots_to_AI_with_28_Billion_Lease\" >Riot Platforms Pivots to AI with $28 Billion Lease<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/riot-platforms-secures-landmark-28b-ai-deal-us-services-growth-moderates\/74144\/#US_Services_Sector_Expansion_Slows_in_October\" >US Services Sector Expansion Slows in October<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/riot-platforms-secures-landmark-28b-ai-deal-us-services-growth-moderates\/74144\/#Ondas_Holdings_Expands_Global_Defense_Footprint\" >Ondas Holdings Expands Global Defense Footprint<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/riot-platforms-secures-landmark-28b-ai-deal-us-services-growth-moderates\/74144\/#Ride-Hailing_Stocks_Rally_on_Earnings_and_Election_News\" >Ride-Hailing Stocks Rally on Earnings and Election News<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/riot-platforms-secures-landmark-28b-ai-deal-us-services-growth-moderates\/74144\/#Political_Shakeup_Scalise_and_Jordan_Vie_for_Leadership\" >Political Shakeup: Scalise and Jordan Vie for Leadership<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/riot-platforms-secures-landmark-28b-ai-deal-us-services-growth-moderates\/74144\/#Energy_and_Automotive_Sector_Updates\" >Energy and Automotive Sector Updates<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Key_Takeaways\"><\/span>Key Takeaways<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li><strong>Riot Platforms (<a href=\"\/stock\/RIOT\">RIOT<\/a>)<\/strong> signed a massive <strong>15-year, 910-MW data center lease<\/strong> worth <strong>$28 billion<\/strong> with a leading AI developer, marking a major pivot into AI infrastructure.<\/li>\n<li><strong>US ISM Services Index<\/strong> for October cooled to <strong>54.5<\/strong>, missing estimates as new orders slowed, though employment figures showed unexpected resilience.<\/li>\n<li><strong>Ondas Holdings (<a href=\"\/stock\/ONDS\">ONDS<\/a>)<\/strong> secured multi-million-dollar defense contracts in <strong>Europe and Asia<\/strong> for its autonomous drone interceptors and counter-drone systems.<\/li>\n<li><strong>Lyft (<a href=\"\/stock\/LYFT\">LYFT<\/a>)<\/strong> and <strong>Uber (<a href=\"\/stock\/UBER\">UBER<\/a>)<\/strong> shares surged <strong>11%<\/strong> and <strong>7%<\/strong> respectively, driven by pre-earnings optimism and a broader market relief rally following US midterm election results.<\/li>\n<li><strong>UK electric vehicle (EV)<\/strong> registrations jumped <strong>53.7%<\/strong> in October, with battery electric vehicles now accounting for nearly <strong>32%<\/strong> of all new car sales in the region.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Riot_Platforms_Pivots_to_AI_with_28_Billion_Lease\"><\/span>Riot Platforms Pivots to AI with $28 Billion Lease<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Riot Platforms (<a href=\"\/stock\/RIOT\">RIOT<\/a>) announced a transformative <strong>15-year triple-net lease<\/strong> for its entire <strong>910-MW Corsicana campus<\/strong> with a prominent &quot;Frontier AI Lab,&quot; identified in reports as <strong>Anthropic<\/strong>. The deal is valued at approximately <strong>$28 billion<\/strong> in total contracted revenue, with an average annual rent of <strong>$1.8 billion<\/strong>. This agreement brings Riot&#39;s total contracted capacity to <strong>1,151 MW<\/strong>, positioning the former Bitcoin miner as a major player in large-scale digital infrastructure for AI and high-performance computing.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"US_Services_Sector_Expansion_Slows_in_October\"><\/span>US Services Sector Expansion Slows in October<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The <strong>ISM Services PMI<\/strong> registered <strong>54.5<\/strong> in October, down from <strong>54.9<\/strong> in September and slightly below the <strong>54.8<\/strong> consensus estimate. While the sector remains in expansion for the 28th consecutive month, the <strong>New Orders Index<\/strong> saw a significant drop to <strong>55.9<\/strong> from <strong>59.8<\/strong>, suggesting a cooling in demand. Conversely, the <strong>Employment Index<\/strong> rose to <strong>51.4<\/strong>, indicating that hiring remains steady despite broader economic moderation.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Ondas_Holdings_Expands_Global_Defense_Footprint\"><\/span>Ondas Holdings Expands Global Defense Footprint<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Ondas Holdings (<a href=\"\/stock\/ONDS\">ONDS<\/a>) has secured new multi-million-dollar contracts with government customers in <strong>Europe and Asia<\/strong> for its <strong>Ranger<\/strong> counter-drone systems and <strong>Iron Drone<\/strong> autonomous interceptors. The company also confirmed it is in active discussions for a significant defense deal in the <strong>Middle East<\/strong>. These developments follow a period of rapid growth for the company&#39;s aerial defense portfolio as international demand for counter-UAS technology intensifies.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Ride-Hailing_Stocks_Rally_on_Earnings_and_Election_News\"><\/span>Ride-Hailing Stocks Rally on Earnings and Election News<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Shares of Lyft (<a href=\"\/stock\/LYFT\">LYFT<\/a>) climbed <strong>11%<\/strong> to <strong>$18.47<\/strong> as investors positioned themselves ahead of the company&#39;s Q3 earnings report. The sector also benefited from a &quot;relief rally&quot; across US equity markets following Democratic victories in the midterm elections. Uber (<a href=\"\/stock\/UBER\">UBER<\/a>) shares gained <strong>7%<\/strong> in tandem, supported by the company&#39;s own autonomous vehicle push and strong quarterly bookings growth.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Political_Shakeup_Scalise_and_Jordan_Vie_for_Leadership\"><\/span>Political Shakeup: Scalise and Jordan Vie for Leadership<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Following a &quot;bloodbath&quot; for Republicans in the midterm elections, House Speaker <strong>Mike Johnson<\/strong> announced he will not seek a leadership role in the next Congress. Representative <strong>Steve Scalise<\/strong> and Representative <strong>Jim Jordan<\/strong> have both officially entered the race for <strong>Minority Leader<\/strong>. The leadership transition comes as the GOP reckons with the loss of the House majority and prepares for a new era of divided government.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Energy_and_Automotive_Sector_Updates\"><\/span>Energy and Automotive Sector Updates<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>In the energy sector, <strong>BP (<a href=\"\/stock\/BP\">BP<\/a>)<\/strong> is ramping up drilling operations at the <strong>Kirkuk<\/strong> field in Iraq, targeting a production increase to <strong>450,000 barrels per day<\/strong>. Meanwhile, the UK automotive market showed robust growth in October, with total new car sales rising <strong>26.9%<\/strong> year-over-year. The surge was led by the electric vehicle segment, where <strong>49,155 new BEVs<\/strong> were registered, representing a record <strong>31.8%<\/strong> market share for the month.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Riot Platforms (RIOT) signed a massive 15-year, 910-MW data center lease worth $28 billion with a leading AI [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":50383,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center 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