Riot Stock ($RIOT) Rockets 13% Following Major Data Center Lease with AMD
Riot Platforms stock jumped 13% after securing a major 10-year data center lease with AMD at its Rockdale, Texas site.Summary
Riot Platforms announced it acquired 200 acres at its Rockdale, Texas site, funded by selling 1,080 bitcoin for $96 million, replacing a prior ground lease. The company signed its first major hyperscale tenant, Advanced Micro Devices (AMD), to a long-term data center lease. Under the agreement, Riot will deliver 25 megawatts (MW) of critical IT load to AMD in two phases between January and May 2026. The initial 10-year term is valued at $311 million, with potential extensions bringing total revenue to $1 billion. AMD also has options for significant expansion. This move validates Riot's strategy to repurpose its infrastructure for high-performance computing and AI workloads, joining other miners shifting toward data center leasing. Following the news, Riot's stock ($RIOT) surged approximately 13%.
(Source：Bitcoin Magazine)