- Riot Platforms Inc. sold 1,080 Bitcoin for about $96 million to buy 200 acres at its Rockdale site.
- The company signed a 10-year data center lease and service agreement with Advanced Micro Devices Inc. that is expected to generate roughly $311 million in initial revenue.
- Three five-year extension options could raise total contract revenue to about $1 billion if fully exercised.
- Riot is retrofitting an existing Rockdale facility with final delivery to AMD expected in May 2026; the site has a 700 MW grid interconnection, water, and fiber.
- Riot shares rose more than 12% at Friday’s open and are up 47% year-to-date; AMD shares rose over 2% at the same time and are up 9% year-to-date. Retail sentiment on Stocktwits for both was described as “extremely bullish.”
Riot Platforms Inc. announced on Friday that it signed a data center lease and service agreement with Advanced Micro Devices Inc. for the Rockdale facility and funded the purchase of 200 acres at Rockdale by selling 1,080 Bitcoin, worth about $96 million. The move secures land ownership for Riot’s expanding data center plans.
The AMD lease covers an initial 10-year term and is expected to generate approximately $311 million in revenue for Riot. The agreement includes three five-year extension options that could increase total contract revenue to about $1 billion if fully exercised.
Riot said the initial AMD deployment will use existing Rockdale infrastructure and that the company has begun retrofitting one of its facilities. Final delivery to AMD is expected in May 2026.
The Rockdale site, previously operated under a long-term lease, is now fully owned by Riot and features a 700 megawatt interconnection to the grid, a dedicated water supply, and fiber connectivity. Riot stated it intends to convert the full 700 MW capacity for data center tenants and now owns over 1,100 acres and 1.7 gigawatts of power capacity across its two Texas facilities.
“I am pleased to share the substantial progress we have made at Rockdale, which expands our fully approved data center power portfolio to 1.7 gigawatts and, through the signing of a data center lease with AMD, firmly establishes Rockdale as a leading data center development opportunity,” said Jason Les, CEO of Riot.
Shares of Riot rose more than 12% in Friday’s opening trade, while AMD shares were up over 2% at the time of writing. Retail sentiment on Stocktwits for both companies was reported as “extremely bullish.”
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