Riot inks AI hosting deal with AMD for $1B in total potential revenue
Riot Platforms (NASDAQ: RIOT) has signed a lease agreement with AMD (NASDAQ: AMD) to host AI computers at its Rockdale facility, according to a press release published Friday. AMD has contracted Riot for 25 MW of capacity valued at 96 million. The acquisition grants Riot full ownership of the land and power rights, which includes a 700 MW interconnection to the power grid. Riot funded the transaction e ...