1d ago
Riot and Galaxy drive U.S. bitcoin mining rally with AMD data center deal and Texas power expansion
Riot Platforms shares jumped over 14% on Friday after the firm agreed a 10-year data center lease with AMD worth at least $311 million and bought land in Texas for $96 million funded by selling 1,080 bitcoin. Galaxy Digital also secured approval for an 830 MW grid connection at its Helios site in Texas, supporting plans for up to 1.6 GW of capacity as mining stocks broadly outperformed other crypto-related equities.