Mining company Riot sells 1,080 BTC to purchase Texas land and jointly build a data center with AMD, stock price closes up 16.02%

GateUser-6433627c · 2026-01-17T03:14:19+00:00

Riot Platforms generated $96 million by selling approximately 1,080 Bitcoins, purchased a 200-acre land in Texas, and signed a leasing agreement with AMD, which is expected to generate approximately $311 million to $1 billion in revenue. Driven by positive news, the company's stock rose by 11%.

GateUser-6433627c

2026-01-17 03:14:19

Abstract generation in progress

On January 17, the cryptocurrency mining company Riot Platforms announced that it paid a $96 million acquisition deal by selling approximately 1,080 Bitcoins, acquiring 200 acres of land in Rockdale, Texas. The company also signed a data center leasing and service agreement with semiconductor company AMD, initially deploying 25 MW of “critical IT load capacity.” Riot stated that this initial 10-year agreement could generate approximately $311 million in revenue for the company, with the potential to reach $1 billion if three five-year renewals are executed. Driven by this news, the company’s stock traded on NASDAQ (ticker RIOT) surged to $18.80, an 11% increase over the past 24 hours.

BTC0,24%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.