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Riot Announces Fee Simple Acquisition of Land and First Data Center Lease with AMD at the Rockdale Site

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CASTLE ROCK, Colo., Jan. 16, 2026 (GLOBE NEWSWIRE) -- Riot Platforms, Inc. (NASDAQ: RIOT) (“Riot” or...

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AI Summary

Riot acquires 200 acres in Rockdale for $96 million using Bitcoin sales. Partnership with AMD includes a Data Center Lease generating $311 million. Overall power capacity approval reaches 1.7 GW across Texas sites. Potential extension of AMD lease could total $1 billion in revenue. The developments establish Riot as a leader in AI-focused data centers.

Sentiment Rationale

The acquisition and partnership with AMD bolster Riot's growth potential, similar to past successes like with Bitmain.

Trading Thesis

The new contracts and expansions signal substantial future revenue, not visible immediately.

Market-Moving

  • Riot acquires 200 acres in Rockdale for $96 million using Bitcoin sales.
  • Partnership with AMD includes a Data Center Lease generating $311 million.
  • Overall power capacity approval reaches 1.7 GW across Texas sites.

Key Facts

  • Riot acquires 200 acres in Rockdale for $96 million using Bitcoin sales.
  • Partnership with AMD includes a Data Center Lease generating $311 million.
  • Overall power capacity approval reaches 1.7 GW across Texas sites.
  • Potential extension of AMD lease could total $1 billion in revenue.
  • The developments establish Riot as a leader in AI-focused data centers.

Companies Mentioned

  • AMD (AMD)
  • BITF (BITF)
  • CZG (CZG)
  • MARB (MARB)
  • AMRH (AMRH)

Corporate Developments

The strategic acquisition aligns with market trends towards data centers supporting AI, presenting growth opportunities.

Riot Platforms (NASDAQ: RIOT) Secures Major Land Acquisition and Lease Agreement with AMD

Riot Platforms, Inc., a leader in Bitcoin-driven data center development, has announced a significant milestone that bolsters its rapid expansion in the digital infrastructure market. The Company has completed a fee simple acquisition of 200 acres at its Rockdale Site for $96 million, funded entirely through the sale of approximately 1,080 bitcoins. This acquisition is complemented by a newly signed Data Center Lease and Services Agreement with Advanced Micro Devices, Inc. (AMD), marking a pivotal turn for Riot's operational capacity.

Strategic Land Acquisition Enhances Operational Stability

The acquisition of the Rockdale Site transforms Riot’s operational landscape, permanently establishing its presence in Milam County, TX. The site features a robust 700 MW interconnection to the grid, a dedicated water supply, and advanced fiber connectivity, which are critical for efficient data center operations.

Currently, Riot manages over 1,100 acres of land with 1.7 GW of approved power capacity across its Texas facilities. This investment situates Riot favorably within the "Texas Triangle," a strategic location encompassing major urban centers like Austin, Dallas, Houston, and San Antonio.

“This acquisition reinforces our commitment to growth in a favorable business climate,” comments Jason Les, CEO of Riot. “We aim to convert the full power capacity at Rockdale for data center tenants, setting the stage for future advancements.”

Data Center Lease Agreement with AMD

Alongside the acquisition, Riot has signed a Data Center Lease with AMD, designed to deliver 25 MW of critical IT load capacity. This contract encompasses an agreed initial term of 10 years, expected to yield approximately $311 million in revenue. Notably, there are also three five-year extension options, which could elevate total contract revenue to roughly $1 billion.

A unique aspect of this agreement includes AMD's option to expand its critical load capacity by an additional 75 MW, along with a right of first refusal for another 100 MW. Ultimately, this could result in a total leased capacity of 200 MW at the Rockdale Site.

“We’re excited to work with Riot, whose capabilities align with our ambitious goals in high-performance computing and AI,” stated Hasmukh Ranjan, CIO of AMD. “This partnership enhances our ability to meet the escalating demands of the AI ecosystem.”

Financial Impact and Future Prospects

The projected net operating income (NOI) from the initial deployment is estimated at $25 million per year, affirming Riot's position for substantial long-term value creation. The retrofit capital expenditure for this deployment is set at $89.8 million.

  • Contract value of approximately $311 million for the initial 10-year term.
  • Potential total contract value of around $1 billion if all extensions are exercised.
  • 200 MW of total potential critical IT load capacity including expansion options.

Upcoming Conference Call

Riot Platforms will host a conference call on Friday, January 16, 2025, at 10:00 a.m. ET to discuss these significant business developments. Interested parties can join the call through a provided audio-only webcast link.

About Riot Platforms, Inc. (NASDAQ: RIOT)

Riot aims to be the world's most trusted platform for building digital infrastructure. As a Bitcoin-focused entity, Riot is at the forefront of large-scale data center development and mining applications, operating facilities designed to meet the increasing demand for high-density computing. The Company continues to expand its capabilities across Texas, confirming its leadership role in the evolving digital economy.

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