Key Takeaways
- Riot Platforms bought 200 acres of its Rockdale, TX web site for $96 million, absolutely financed by Bitcoin.
- The corporate signed a 10-year Information Middle Lease with AMD to ship 25 MW of crucial IT load, beginning in January 2026 and finishing in Might 2026.
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Shares of Riot Platforms (RIOT) rose over 7% premarket on Friday after the corporate secured a serious information middle lease with AMD and accomplished the total acquisition of its Rockdale web site.
The corporate closed the charge easy acquisition of 200 acres at its Rockdale, Texas web site for $96 million, funded fully by promoting round 1,080 Bitcoin. This absolutely owned web site, that includes 700 MW of grid-connected energy, water, and fiber, is now unlocked for information middle growth.
Riot additionally signed a 10-year information middle lease with AMD for an preliminary 25 MW of crucial IT load, delivering in two phases from January to Might 2026, with potential enlargement to 200 MW. The lease carries $311 million in preliminary income, doubtlessly rising to $1 billion with extensions and expansions.
Riot’s Texas portfolio now spans over 1,100 acres and 1.7 GW of energy, cementing its place within the Texas Triangle as a number one information middle developer and enabling long-term progress and worth creation.
