"
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 $9.8 billion of long-term contracted revenue with two AI companies."
Translation: "O acordo cobre 191 megawatts de capacidade no local da Riot em Rockdale, com o contrato base no valor de US$ 9,1 bilhões ao longo de duas décadas. Se todas as opções de extensão forem exercidas, o valor total pode chegar a US$ 16,1 bilhões. O CEO Jason Les disse que a empresa já executou contratos totalizando 241 megawatts, representando aproximadamente US$ 9,8 bilhões em receita contratada de longo prazo com duas empresas de IA."
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: "É um número grande para uma empresa que, até recentemente, era conhecida principalmente por minerar Bitcoin. Os contratos dão à Riot um fluxo de receita previsível que não depende do preço do BTC."
Fourth paragraph: "
The Bitcoin drawdown
" -> "
A redução de Bitcoin
" or "A retirada de Bitcoin"? "Drawdown" in finance means a reduction from peak, but here it means selling off. So "A venda de Bitcoin" or "A redução das reservas de Bitcoin". But we can use "A redução de Bitcoin" as a heading. Or "O esvaziamento de Bitcoin". We'll use "A redução de Bitcoin" - but better: "A venda de Bitcoin" because it's about selling. Actually the heading is "The Bitcoin drawdown" - drawdown means a reduction in holdings. So "A redução das reservas de Bitcoin" is more precise. But we can keep it short: "A redução de Bitcoin". Let's see.
Then: "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 $113.7 million for the quarter, but the leasing business is clearly the new focus."
Translation: "Para pagar pela infraestrutura de IA, a Riot vem vendendo seu estoque. As reservas de Bitcoin caíram de 15.680 BTC para 11.380 BTC no segundo trimestre, uma redução de 4.300 moedas. A empresa vendeu a produção mensal e utilizou as reservas do tesouro para financiar a construção. A receita de mineração ainda chegou a US$ 113,7 milhões no trimestre, mas o negócio de arrendamento é claramente o novo foco."
Note: "hoard" - "estoque" or "tesouro" but we already have "treasury reserves" later. So we can use "estoque" for hoard.
Fifth paragraph: "That's a notable shift. Riot is essentially trading its Bitcoin stack for a long-term AI revenue stream."
Translation: "Essa é uma mudança notável. A Riot está essencialmente trocando sua pilha de Bitcoin por um fluxo de receita de IA de longo prazo."
"Bitcoin stack" - could be "reservas de Bitcoin" but "stack" is informal. We can say "suas reservas de Bitcoin" or "seu acervo de Bitcoin". We'll use "suas reservas de Bitcoin".
Sixth paragraph: "
Market reaction
" -> "
Reação do mercado
"
Then: "Investors liked what they saw. On the day of the announcement, Riot stock closed up 4.33%. Other miners with AI ambitions followed: Cipher Mining gained 5.39%, TeraWulf rose 3.40%, and Hut 8 added 3.39%. Bitcoin itself slipped 0.49% and stayed stuck in the $62,000–$65,000 range."
Translation: "Os investidores gostaram do que viram. No dia do anúncio, as ações da Riot fecharam em alta de 4,33%. Outras mineradoras com ambições de IA seguiram: Cipher Mining subiu 5,39%, TeraWulf avançou 3,40% e Hut 8 ganhou 3,39%. O próprio Bitcoin caiu 0,49% e permaneceu preso na faixa de US$ 62.000 a US$ 65.000."
Seventh paragraph: "Analysts are adjusting their models. H.C. Wainwright raised its Riot price target to $40 from $25, and Needham lifted its target to $30. Both cited
