Key Highlights
- Riot acquired 200 acres at its Rockdale site using Bitcoin from its balance sheet.
- The company signed a 10-year data center lease with AMD covering an initial 25 MW.
- The deal strengthens Riot’s push beyond mining into large-scale AI and HPC infrastructure.
Riot Platforms has completed the fee simple acquisition of the land underlying its Rockdale, Texas site and signed its first major data center lease with Advanced Micro Devices. The move pushed the company’s shares up more than 9% in early trading.
The transactions, announced today, mark a significant step in Riot’s shift from pure bitcoin mining toward hyperscale data center development. The Rockdale deal gives Riot full ownership of a key site with significant power capacity, while the AMD lease establishes its data center business with a long-term anchor tenant.
Rockdale acquisition unlocks data center expansion
Riot acquired 200 acres at its Rockdale site for $96 million, funding the purchase entirely through the sale of approximately 1,080 Bitcoin from its treasury. The site, previously operated under a long-term ground lease, includes a 700 MW grid interconnection, a dedicated water supply, and fiber connectivity.
With full ownership secured, the company plans to convert the site’s entire gross power capacity for data center tenants. Combined with its Corsicana facility, Riot now controls more than 1,100 acres and 1.7 GW of approved power capacity across two Texas locations positioned within the state’s major data center corridor.
AMD signs long-term lease at Rockdale
Alongside the land acquisition, Riot entered into a 10-year data center lease and services agreement with AMD for an initial 25 MW of critical IT load at Rockdale. Delivery is expected in phases, beginning in January 2026 and completing in May 2026, using retrofitted existing infrastructure.
The lease is expected to generate about $311 million in revenue over the initial term, with three five-year extension options that could raise total contract value to roughly $1 billion. AMD also holds options to expand capacity by an additional 75 MW and a right of first refusal for another 100 MW, potentially lifting total leased capacity to 200 MW.
Market and balance sheet context
Riot ranks among the largest public corporate holders of Bitcoin, with 18,005 BTC valued at roughly $1.7 billion, according to BitcoinTreasuries. The company said the Rockdale purchase reflects a deliberate allocation of its Bitcoin holdings toward long-term infrastructure assets rather than continued accumulation alone. Shares of Riot Platforms rose more than 9% following the announcement, with the stock trading at around $18.14 and a market capitalization near $6.7 billion.
Broader digital push
The Rockdale acquisition and AMD lease signal Riot’s evolution from a Bitcoin mining-focused operator into a broader digital infrastructure developer tied to AI and high-performance computing demand.
As miners increasingly repurpose power-heavy sites for data centers, Riot’s move shows how Bitcoin treasuries and energy assets are being redeployed to compete in the fast-growing hyperscale market.
Also read: Strive Completes Semler Deal, Boosts Bitcoin Treasury
