Overview
- Riot signed a 10-year agreement to provide AMD 25 MW of capacity valued at $311 million, with options that could extend the term and lift total value to roughly $1 billion and expand capacity up to 200 MW.
- Initial delivery to AMD is scheduled in two phases from January to May 2026, with a planned retrofit costing $89.8 million (about $3.6 million per MW) and an expected contribution of roughly $25 million in annual net operating income.
- Riot completed a fee-simple purchase of 200 acres at its Rockdale, Texas campus for $96 million, financed by selling approximately 1,080 bitcoin, securing a site with a 700 MW grid interconnection, water, and fiber.
- The company now controls more than 1,100 acres and about 1.7 GW of approved power capacity across Texas and intends to convert Rockdale’s full 700 MW for data-center tenants over time.
- Riot shares jumped roughly 13% intraday and closed up about 16% after the announcement, as management and analysts cast the agreement as validation of the company’s data-center strategy.