{"id":6110,"date":"2026-01-16T18:16:12","date_gmt":"2026-01-16T18:16:12","guid":{"rendered":"https:\/\/digkrypton.com\/index.php\/2026\/01\/16\/riot-stock-riot-rockets-13-following-major-data-center-lease-with-amd\/"},"modified":"2026-01-16T18:16:12","modified_gmt":"2026-01-16T18:16:12","slug":"riot-stock-riot-rockets-13-following-major-data-center-lease-with-amd","status":"publish","type":"post","link":"https:\/\/digkrypton.com\/index.php\/2026\/01\/16\/riot-stock-riot-rockets-13-following-major-data-center-lease-with-amd\/","title":{"rendered":"Riot Stock ($RIOT) Rockets 13% Following Major Data Center Lease with AMD"},"content":{"rendered":"

Bitcoin Magazine<\/a><\/p>\n

Riot Stock ($RIOT) Rockets 13% Following Major Data Center Lease with AMD<\/a><\/p>\n

<\/div>\n

Riot Platforms (NASDAQ: RIOT) has completed the purchase of 200 acres at its Rockdale, Texas, site and signed a long-term data center lease with Advanced Micro Devices, Inc. (AMD), marking the first major hyperscale tenant at the location.<\/p>\n

The fee simple acquisition<\/a> replaces Riot\u2019s prior ground lease at Rockdale and was funded entirely through the sale of approximately 1,080 bitcoin from the company\u2019s balance sheet<\/a>, totaling $96 million.\u00a0<\/p>\n

The mining company said the purchase secures long-term operational control of the site and opens it for large-scale data center development.\u00a0<\/p>\n

The property includes a 700 MW grid interconnection, dedicated water supply, and fiber connectivity.<\/p>\n

Shares of Riot\u2019s stock jumped roughly 13% following the announcement and are currently trading at $18.70 a share.\u00a0<\/p>\n

Under the new lease, the company will deliver 25 megawatts (MW) of critical IT load to AMD in two phases, starting in January 2026 and completing by May 2026.\u00a0<\/p>\n

The initial term runs 10 years and carries an expected contract value of $311 million, with three five-year extensions potentially bringing total revenue to $1 billion.\u00a0<\/p>\n

AMD also holds an option to expand by 75 MW and a right of first refusal for an additional 100 MW, which would bring its total footprint at Rockdale to 200 MW. Riot estimates retrofit capital expenditures for the initial deployment at $89.8 million, or $3.6 million per MW, and expects the lease to contribute roughly $25 million in net operating income per year.<\/p>\n

Riot\u2019s improved land capabilities\u00a0<\/h2>\n

Riot now owns more than 1,100 acres and 1.7 gigawatts of fully approved power capacity across its two Texas sites, Rockdale and Corsicana, roughly 100 miles apart.\u00a0<\/p>\n

The company positions its portfolio within the \u201cTexas Triangle,\u201d covering Austin, Dallas, Houston, and San Antonio, a major U.S. data center hub.<\/p>\n

Chief Executive Jason Les said the AMD agreement validates Riot\u2019s infrastructure and development capabilities, and marks a turning point in its strategy to repurpose bitcoin mining assets for high-performance computing and AI workloads. The company said began evaluating its sites for AI and HPC applications less than a year ago.<\/p>\n

The company joins other publicly traded bitcoin miners shifting toward data center leasing<\/a> amid rising mining costs and network difficulty.<\/a>\u00a0<\/p>\n

The company said it plans to continue converting power at Rockdale and Corsicana for non-mining tenants, pursuing further development and leasing opportunities.\u00a0<\/p>\n

This post Riot Stock ($RIOT) Rockets 13% Following Major Data Center Lease with AMD<\/a> first appeared on Bitcoin Magazine<\/a> and is written by Micah Zimmerman<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin Magazine Riot Stock ($RIOT) Rockets 13% Following Major Data Center Lease with AMD Riot Platforms (NASDAQ: RIOT) has completed the purchase of 200 acres at its Rockdale, Texas, site and signed a long-term data center lease with Advanced Micro Devices, Inc. (AMD), marking the first major hyperscale tenant at the location. The fee simple […]<\/p>\n","protected":false},"author":0,"featured_media":6111,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[1],"tags":[],"class_list":{"0":"post-6110","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bitcoin"},"acf":[],"_links":{"self":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts\/6110","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/comments?post=6110"}],"version-history":[{"count":0,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts\/6110\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/media\/6111"}],"wp:attachment":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/media?parent=6110"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/categories?post=6110"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/tags?post=6110"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}