Riot Platforms Expands Texas Operations with Land Purchase and AMD Lease
- Riot Platforms acquired 200 acres in Rockdale, Texas for $96 million, funded by selling approximately 1,080 Bitcoin.
- The site includes 700 MW of grid-connected power, water, and fiber infrastructure.
- A 10-year data center lease with AMD was signed to provide an initial 25 MW of critical IT load starting January 2026.
- The lease could generate $311 million in revenue initially, potentially expanding to $1 billion.
- Riot’s Texas portfolio now covers over 1,100 acres and has a power capacity of 1.7 GW.
Riot Platforms’ strategic acquisition and lease agreements enhance its data center capabilities in Texas, leveraging its recent Bitcoin-funded land purchase to support future growth.
Source (3.2)https://cryptobriefing.com/riot-stock-surges-amd-lease-rockdale-acquisition/?rand=59535
