Key Takeaways
Shares of Riot Platforms (RIOT) rose over 7% premarket on Friday after the company secured a major data center lease with AMD and completed the full acquisition of its Rockdale site.
The company closed the fee simple acquisition of 200 acres at its Rockdale, Texas site for $96 million, funded entirely by selling around 1,080 Bitcoin. This fully owned site, featuring 700 MW of grid-connected power, water, and fiber, is now unlocked for data center development.
Riot also signed a 10-year data center lease with AMD for an initial 25 MW of critical IT load, delivering in two phases from January to May 2026, with potential expansion to 200 MW. The lease carries $311 million in initial revenue, potentially rising to $1 billion with extensions and expansions.
Riot’s Texas portfolio now spans over 1,100 acres and 1.7 GW of power, cementing its position in the Texas Triangle as a leading data center developer and enabling long-term growth and value creation.
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