RIOT Stock Jumps as Bitcoin Miner Signs AI Deal With AMD

Bitcoin Miner Riot Boosts AI & HPC Growth with Texas Land Purchase

Riot Platforms Expands Into Data Centers with Bitcoin Sales and Texas Land Acquisition Riot Platforms, a leading Bitcoin mining company, announced a strategic shift toward expanding its data infrastructure, leading to a significant sale of Bitcoin holdings and the acquisition of a new Texas property. The move underscores the company’s pivot from pure mining operations to broader data center development, including applications for artificial inte…

Riot ($RIOT) Rockets 13% Following Major 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 acquisition replaces Riot’s prior ground lease at Rockdale and was funded entirely through the sale of approximately 1,080 bitcoin from the company’s balance sheet, totaling $96 million.  The mi…

RIOT Stock Jumps as Bitcoin Miner Signs AI Deal With AMD

The post RIOT Stock Jumps as Bitcoin Miner Signs AI Deal With AMD appeared on BitcoinEthereumNews.com. Stock of Riot Platforms rose on pre-market trading following the company’s announcement of a major data center deal focused on AI with Advanced Micro Devices (AMD). This move indicates a new strategic direction for Riot, linking its Bitcoin mining equipment with the increasing need for AI computing resources. Riot Enters AI Data Center Space In…

AMD taps Texas data hub in Riot deal for massive new AI computing power

10-year lease could bring AMD up to 200 MW at Riot’s Rockdale site, plus a $96M land buy expanding its 1.7 GW Texas power portfolio.