Overview
- Riot will host 25 MW for AMD under a 10-year contract valued at $311 million, with capacity delivered from January to May 2026.
- AMD secured options that could lift total capacity to 200 MW and push the contract value to roughly $1 billion.
- Riot bought 200 acres at Rockdale for $96 million by selling about 1,080 bitcoin, gaining full control of land and a 700 MW grid interconnection.
- The initial build requires an estimated $89.8 million of retrofit capex, and Riot projects about $25 million in annual net operating income from the deployment.
- The announcements sent Riot shares up roughly 7% to 13% in early trading, while the company reports control of about 1.7 GW across its Texas campuses.