Riot Platforms Acquires Texas Land, Signs $311M Data Center Deal with AMD

2026-01-16 22:17

Riot Platforms has completed the acquisition of 200 acres of land in Rockdale, Texas, by selling approximately 1,080 BTC, valued at around $96 million. The company has also entered into a data center lease agreement with AMD. The initial contract includes 25 MW of computing power over a 10-year term, with delivery expected between January and May 2026. The deal is valued at approximately $311 million, with potential expansion and extension options that could increase the total capacity to 200 MW and the contract value to about $1 billion.

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