Riot Platforms Expands Rockdale Site With AMD Data Center Deal

Riot Platforms ( (RIOT) ) just unveiled an announcement.

On January 16, 2026, Riot Platforms completed the fee simple acquisition of 200 acres of land underlying its Rockdale, Texas facility for $96 million, funded entirely by the sale of approximately 1,080 bitcoin, securing long-term control over a 700 MW, fully interconnected, infrastructure-ready site in the Texas Triangle. On the same date, the company signed a 10-year data center lease with AMD for an initial 25 MW of critical IT load at Rockdale, expected to generate about $311 million in contract revenue and an average annual net operating income contribution of roughly $25 million, with options that could expand AMD’s capacity to 200 MW and total contract value to about $1 billion. Together, these moves rapidly advance Riot’s transition into a major data center developer with 1.7 GW of approved power capacity across its Texas sites, position Rockdale as a key hyperscale and AI data center hub, and create a new, long-duration revenue stream while validating the company’s infrastructure and power advantages for top-tier technology tenants.

The most recent analyst rating on (RIOT) stock is a Buy with a $42.00 price target. To see the full list of analyst forecasts on Riot Platforms stock, see the RIOT Stock Forecast page.

Spark’s Take on RIOT Stock

According to Spark, TipRanks’ AI Analyst, RIOT is a Neutral.

The score is driven primarily by solid financial statement strength (growth, profitability, and low leverage) and constructive strategic progress described on the earnings call. These positives are tempered by persistent cash flow weakness, bearish-to-mixed technical signals, and a relatively expensive valuation with no dividend support.

To see Spark’s full report on RIOT stock, click here.

More about Riot Platforms

Riot Platforms, Inc., listed on Nasdaq under the ticker RIOT, is a Bitcoin-driven industry leader focused on the development of large-scale data centers and bitcoin mining applications. Pursuing a vertically integrated strategy across bitcoin mining, engineering, and data center development, the company operates mining facilities in central Texas and Kentucky, with engineering and fabrication capabilities in Denver and Houston, and is expanding into high-density computing and AI/HPC-oriented data center infrastructure to strengthen its role as a foundational digital infrastructure builder.

Average Trading Volume: 19,059,262

Technical Sentiment Signal: Buy

Current Market Cap: $6.44B

Find detailed analytics on RIOT stock on TipRanks’ Stock Analysis page.