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

AMD has contracted Riot for 25 MW of capableness valued astatine $311 cardinal implicit 10-years.

Riot besides purchased the 200-acre spot for its Rockdale information halfway for $96 million. The acquisition grants Riot afloat ownership of the onshore and powerfulness rights, which includes a 700 MW interconnection to the powerfulness grid. Riot funded the transaction wholly by selling astir 1,080 bitcoin from its equilibrium sheet.

AMD holds options for 3 5 twelvemonth extensions that, if exercised, would bring the full worth of the woody to astir $1 billion. The semiconductor steadfast besides has the enactment to grow its declaration by 75 MW, positive the close of archetypal refusal to adhd different 100 MW for a full imaginable capableness of 200 MW. Riot anticipates the archetypal deployment volition lend astir $25 cardinal successful yearly nett operating income.

Riot plans to statesman delivering this capableness successful January 2026, with a people completion day of May 2026. The institution volition retrofit an existing gathering astatine the Rockdale tract to conscionable the high-density specifications required by AMD. Riot estimates the superior expenditures for this archetypal retrofit volition beryllium $89.8 million, oregon $3.6 cardinal per MW.

Riot owns 1.7 gigawatts of powerfulness capableness crossed its Rockdale and Corsicana facilities, and the institution intends to person the afloat 700 MW of gross powerfulness capableness astatine Rockdale for information halfway tenants implicit time.

At the clip of publication, Riot is up 13.4% successful aboriginal trading hours.