Riot inks AI hosting deal with AMD for $1B in total potential revenue
Yahoo Finance·2026-01-16 23:24

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 311millionover10years.Riotalsopurchasedthe200acrepropertyforitsRockdaledatacenterfor311 million over 10-years. Riot also purchased the 200-acre property for its Rockdale data center for 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 ...

Riot inks AI hosting deal with AMD for $1B in total potential revenue - Reportify