1g fa
Riot Platforms stock rises 11% as Bitcoin sale finances $96M Texas land purchase and AMD data center deal
Riot Platforms' share price climbed about 11% to $18.80 after the miner disclosed a $96 million purchase of 200 acres in Rockdale, Texas, funded entirely by selling roughly 1,080 Bitcoin. The company also signed a 10-year data center lease and services agreement with AMD that could generate up to $311 million in revenue, with the potential to reach $1 billion if multiple extensions are exercised, while further pivoting its data centers toward AI and high-performance computing.