Riot Platforms announces land acquisition, data center lease with AMD

Riot Platforms (RIOT) announced a series of transformative transactions that firmly establish the company’s rapidly scaling data center business, including: The fee simple acquisition of 200 acres of land at Rockdale currently occupied by Riot for total consideration of $96M funded entirely by the sale of approximately 1,080 bitcoin from Riot’s balance sheet, adding the Rockdale Site to Riot’s portfolio of data center development opportunities. The signing of a Data Center Lease and Services Agreement with Advanced Micro Devices (AMD) at the Rockdale Site, which includes an initial deployment of 25 MW of critical IT load capacity to be delivered in phases beginning in January 2026 and completing in May 2026, with the potential for additional expansion of up to a total of 200 MW of critical IT load capacity.