headings. We'll translate each paragraph.
First paragraph: "Riot Platforms has signed a $9.1 billion lease with Anthropic for 191 megawatts at its Rockdale, Texas campus, a 20-year deal that could stretch to $16.1 billion with extensions. The Bitcoin miner is selling its coin reserves to fund the AI buildout, and the market is rewarding the shift."
Translation: "Riot Platforms har underskrevet en lejekontrakt på 9,1 milliarder dollars med Anthropic for 191 megawatt på sit Rockdale-campus i Texas, en 20-årig aftale, der kan strække sig til 16,1 milliarder dollars med forlængelser. Bitcoin-minearbejderen sælger sine møntreserver for at finansiere AI-udbygningen, og markedet belønner skiftet."
We need to be careful with "coin reserves" – "møntreserver" is fine. "Minearbejderen" – but "Bitcoin miner" is a term, we can say "Bitcoin-minearbejder" or "Bitcoin-minedrift" but here it's a company, so "minearbejderen" is okay. Alternatively, "Bitcoin-minearbejdervirksomheden" but that's long. We'll use "Bitcoin-minearbejderen" as it's understood.
Second paragraph: "The lease and the numbers" – heading: "Lejekontrakten og tallene"
Then: "The agreement covers 191 megawatts of capacity at Riot's Rockdale site, with the base contract worth $9.1 billion over two decades. If all extension options are exercised, the total value could reach $16.1 billion. CEO Jason Les said the company has now executed leases totaling 241 megawatts, representing roughly $9.8 billion of long-term contracted revenue with two AI companies."
Translation: "Aftalen dækker 191 megawatt kapacitet på Riot's Rockdale-anlæg, med basiskontrakten værd 9,1 milliarder dollars over to årtier. Hvis alle forlængelsesmuligheder udnyttes, kan den samlede værdi nå op på 16,1 milliarder dollars. CEO Jason Les sagde, at virksomheden nu har indgået lejekontrakter på i alt 241 megawatt, hvilket repræsenterer cirka 9,8 milliarder dollars i langsigtet kontraktindtægt med to AI-virksomheder."
We should use "Riot's" – but in Danish we might write "Riot" without apostrophe? Actually, we can keep "Riot's" as it's a possessive, but Danish uses "Riot's" or "Riot" with "s" attached? Usually, we write "Riot's" as is. We'll keep it.
Third paragraph: "That's a big number for a company that, until recently, was known mostly for mining Bitcoin. The leases give Riot a predictable revenue stream that doesn't depend on the price of BTC."
Translation: "Det er et stort tal for en virksomhed, der indtil for nylig hovedsageligt var kendt for at mine Bitcoin. Lejekontrakterne giver Riot en forudsigelig indtægtsstrøm, der ikke afhænger af prisen på BTC."
We can use "BTC" as is.
Fourth paragraph: "The Bitcoin drawdown" – heading: "Bitcoin-nedturen" or "Bitcoin-udtømningen" – but "drawdown" means reduction in holdings. We can say "Bitcoin-reduktionen" or "Nedgangen i Bitcoin-beholdningen". Let's use "Bitcoin-nedturen" but that might be too informal. Perhaps "Bitcoin-udtømningen" – but actually it's selling. Maybe "Bitcoin-salget" – but the heading is "The Bitcoin drawdown" – we can translate as "Bitcoin-tilbagegangen" or "Bitcoin-nedgangen". I'll use "Bitcoin-nedgangen" but that might be ambiguous. Actually, "drawdown" in finance means a reduction from peak. So "Bitcoin-reduktionen" is fine. Let's use "Bitcoin-reduktionen".
Fifth paragraph: "To pay for the AI infrastructure, Riot has been selling its hoard. Bitcoin holdings fell from 15,680 BTC to 11,380 BTC in the second quarter, a drawdown of 4,300 coins. The company sold monthly output and tapped treasury reserves to fund construction. Mining revenue still came in at $113.7 million for the quarter, but the leasing business is clearly the new focus."
Translation: "For at betale for AI-infrastrukturen har Riot solgt fra sin beholdning. Bitcoin-beholdningen faldt fra 15.680 BTC til 11.380 BTC i andet kvartal, en reduktion på 4.300 mønter. Virksomheden solgte månedlig produktion og brugte af sine reserver for at finansiere byggeriet. Mineindtægterne kom stadig ind på 113,7 millioner dollars for kvartalet, men udlejningsforretningen er klart det nye fokus."
Note: In Danish, numbers use comma as decimal separator, so $113.7 million becomes "113,7 millioner dollars". Also, thousands separator is a dot or space, but we can write "15.680" as in English? Actually, in Danish, we use a dot as thousands separator? Typically, we use a space or a dot? In Danish, the official standard is a space for thousands, but many use a dot. To be safe, we can write "15.680" as it's common in Danish too. But since we are translating, we can keep the numbers as they are but adjust decimal comma. So "15,680" would be wrong because that's a decimal. So we should write "15.680" or "15 680". I'll use "15.680" for consistency with the original but note that in Danish, it's common to use a dot for thousands. Actually, the original uses commas for thousands: "15,680" – but that's American style. In Danish, we use a dot or space. So we should convert: 15,680 becomes 15.680. Similarly, 11,380 becomes 11.380, 4,300 becomes 4.300. And $113.7 million becomes 113,7 million dollars (with comma as decimal). So we'll adjust.
Sixth paragraph: "That's a notable shift. Riot is essentially trading its Bitcoin stack for a long-term AI revenue stream."
Translation: "Det er en bemærkelsesværdig ændring. Riot bytter reelt sin Bitcoin-beholdning til en langsigtet AI-indtægtsstrøm."
Seventh paragraph: "Market reaction" – heading: "Markedsreaktion"
Eighth paragraph: "Investors liked what they saw. On the day of the announcement, Riot stock closed up 4
