Riot Platforms Expands with Strategic AMD Lease and Rockdale Land Acquisition

Riot Platforms Expands with Strategic Moves

Riot Platforms (RIOT) witnessed a significant premarket stock surge of over 7% following strategic developments. The company finalized the acquisition of 200 acres in Rockdale, Texas, for $96 million, fully funded by the sale of approximately 1,080 Bitcoin. This acquisition unlocks 700 MW of grid-connected power, water, and fiber for future data center projects.

Key Developments

• Rockdale Site Acquisition: Riot Platforms secured a 200-acre site in Rockdale, TX, enhancing its data center development potential.
• AMD Data Center Lease: A 10-year lease agreement with AMD for an initial 25 MW of critical IT load, commencing January 2026, with potential expansion to 200 MW.

The AMD lease is projected to generate $311 million in initial revenue, potentially escalating to $1 billion through extensions and expansions. Riot’s Texas portfolio now encompasses over 1,100 acres and 1.7 GW of power, solidifying its role as a premier data center developer within the Texas Triangle, fostering long-term growth and value creation.