Technology
RIOT Platforms' Q2 FY2026 results were defined by a sharp net loss driven by a $401 million fair-value hit on its bitcoin holdings, overshadowing a 14% revenue increase from expanded mining and early data center leasing.
Key risk: ERCOT Grid Interconnection and Audits
New Texas legislation (SB 6) and Governor Abbott’s August 2026 audit directive may delay or prevent interconnection of data center projects, impose financial security requirements, and increase costs; projects failing to meet requirements will be denied grid access.