{"id":49967,"date":"2026-01-16T13:07:56","date_gmt":"2026-01-16T18:07:56","guid":{"rendered":"https:\/\/bitcoinmagazine.com\/?p=49967"},"modified":"2026-01-16T13:08:01","modified_gmt":"2026-01-16T18:08:01","slug":"riot-stock-rockets-major-center-lease","status":"publish","type":"post","link":"https:\/\/bitcoinmagazine.com\/markets\/riot-stock-rockets-major-center-lease","title":{"rendered":"Riot Stock ($RIOT) Rockets 13% Following Major Data Center Lease with AMD"},"content":{"rendered":"
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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\n\n\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. <\/p>\n\n\n\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\n\n\n

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

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

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

The company joins other publicly traded bitcoin miners shifting toward data center leasing<\/a> amid rising mining costs and network difficulty.<\/a> <\/p>\n\n\n\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","protected":false},"excerpt":{"rendered":"

Riot Platforms ($RIOT) surged 13% after buying 200 acres at its Rockdale, Texas site and signing its first major hyperscale data center lease with AMD<\/p>\n","protected":false},"author":3817,"featured_media":49968,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[34],"tags":[414,97,5583,914],"class_list":{"0":"post-49967","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-markets","8":"tag-ai","9":"tag-mining","10":"tag-riot","11":"tag-riot-platforms"},"author_data":{"id":3817,"name":"Micah Zimmerman","nicename":"micahzimmerman","avatar_url":"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2025\/11\/Micah_Zimmerman_Author_Image.jpg"},"featured_image_url":"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2026\/01\/Riot-Stock-RIOT-Rockets-13-Following-Major-Data-Center-Lease-with-AMD.jpg","_links":{"self":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/49967","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/users\/3817"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/comments?post=49967"}],"version-history":[{"count":0,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/49967\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media\/49968"}],"wp:attachment":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media?parent=49967"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/categories?post=49967"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/tags?post=49967"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}