Riot stock rises on AMD lease and Rockdale land acquisition

PermabullPete · 2026-01-16T16:21:24+00:00

Riot Platforms' shares rose over 7% after securing a data center lease with AMD and acquiring 200 acres in Rockdale, Texas. The $96 million purchase was funded by selling Bitcoin, enhancing Riot's data center capabilities significantly.

PermabullPete

2026-01-16 16:21:24

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Source: CryptoBriefing Original Title: Riot stock rises on AMD lease and Rockdale land acquisition Original Link: Shares of Riot Platforms (RIOT) rose over 7% premarket on Friday after the company secured a major data center lease with AMD and completed the full acquisition of its Rockdale site.

The company closed the fee simple acquisition of 200 acres at its Rockdale, Texas site for $96 million, funded entirely by selling around 1,080 Bitcoin. This fully owned site, featuring 700 MW of grid-connected power, water, and fiber, is now unlocked for data center development.

Riot also signed a 10-year data center lease with AMD for an initial 25 MW of critical IT load, delivering in two phases from January to May 2026, with potential expansion to 200 MW. The lease carries $311 million in initial revenue, potentially rising to $1 billion with extensions and expansions.

Riot’s Texas portfolio now spans over 1,100 acres and 1.7 GW of power, cementing its position in the Texas Triangle as a leading data center developer and enabling long-term growth and value creation.

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failed_dev_successful_ape

· 19h ago

Riot's move is indeed solid this time, with AMD partnership and land acquisition, which are definitely positive fundamentals.

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NeonCollector

· 19h ago

Riot is really about to take off now, with AMD support and land acquisition in hand, definitely the next trillion-dollar market cap.

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ValidatorViking

· 19h ago

riot securing amd infrastructure is solid foundational play... but let's see if they can actually maintain uptime when the stress tests hit. infrastructure means nothing without battle-tested ops

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ChainProspector

· 20h ago

Wow, RIOT is up again, AMD + Rockdale working together on multiple fronts.

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