Riot stock rises on AMD lease and Rockdale land acquisition

2026-01-16 18:12:59

Source: CryptoNewsNet Original Title: Riot stock rises on AMD lease and Rockdale land acquisition Original Link: Riot Platforms completed the fee simple acquisition of 200 acres at its Rockdale, Texas site for $96 million, funded entirely by selling approximately 1,080 Bitcoin. This fully owned site features 700 MW of grid-connected power, water, and fiber infrastructure, now unlocked for data center development.

The company also signed a 10-year data center lease with AMD for an initial 25 MW of critical IT load, with delivery scheduled in two phases from January to May 2026. The lease carries $311 million in initial revenue, with potential expansion to 200 MW and additional revenue reaching up to $1 billion through extensions and expansions.

Following these announcements, shares of Riot Platforms (RIOT) rose over 7% in premarket trading. Riot’s Texas portfolio now spans over 1,100 acres and 1.7 GW of power, establishing the company as a leading data center developer in the Texas Triangle and positioning it for long-term growth and value creation.

BTC-0,47%

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