Riot Platforms Sells Bitcoin, Buys Land, Signs Up to $1B AMD Data Center Deal
Former Bitcoin miner Riot Platforms acquired 200 acres at its Rockdale, Texas site and signed a lease with AMD for an AI/HPC data center starting at 25MW and scaling to 200MW — a deal worth up to $1 billion that illustrates how crypto mining infrastructure is being repurposed for AI compute.
Riot Platforms announced a fee-simple land acquisition and its first data center lease with AMD at the Rockdale, Texas site, as @MikeLongTerm reported. The deal starts at 25MW of capacity and can scale to 200MW, with initial revenue of $311 million and a potential total value of $1 billion, according to @MikeLongTerm. Riot is funding the land acquisition in part by selling Bitcoin — a striking symbol of the pivot from crypto mining to AI infrastructure.
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