Bitcoin Miner Riot Partners With AMD, Stock Surges 10%
Shares of Riot Platforms climbed sharply after the company revealed a major move into artificial intelligence infrastructure, a shift that investors quickly rewarded.
The stock was trading around $18.35, up roughly 10.7% on the day, reflecting optimism that Riot’s business model is expanding beyond pure Bitcoin mining.
- Riot Platforms shares jumped about 10.7% to around $18.35 after the AI data center deal.
- The AMD partnership could grow toward a nearly $1 billion, long-term revenue opportunity.
- The move marks a strategic shift from pure Bitcoin mining toward AI and high-performance data centers.
The rally followed news of a long-term data center agreement tied to AI workloads, a development that links Riot’s existing power and land assets to one of the fastest-growing segments in technology.
From Bitcoin mining to AI infrastructure
Riot announced its first large-scale data center lease focused on high-performance computing at its Rockdale, Texas site. The agreement marks a strategic pivot, positioning the company as a participant in the U.S. hyperscale data center market rather than solely a crypto miner.
Under the initial phase, Riot will deliver 25 megawatts of critical IT load capacity to Advanced Micro Devices. Construction is expected to begin in early 2026 and conclude by late spring, enabling AMD to deploy AI and advanced computing workloads at the site.
Long-term revenue visibility
The base lease runs for ten years and is expected to generate about $311 million in revenue for Riot over that period. More importantly for investors, the structure offers long-term visibility and recurring cash flows that are less volatile than Bitcoin mining income.
AMD also holds expansion rights that could significantly increase the scale of the project, transforming the site into a much larger AI-focused data center campus over time.
Expansion could reshape Riot’s profile
If AMD exercises its option to scale capacity up to 200 megawatts, the total value of the agreement could approach $1 billion over the long term. Such an expansion would place Riot in direct competition with established hyperscale data center operators, a notable shift for a company best known for crypto mining.
The market’s reaction suggests investors see this hybrid model—combining energy-intensive crypto infrastructure with AI computing demand—as a credible path for miners seeking stability and growth beyond the Bitcoin cycle.
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Alex is an experienced financial journalist and cryptocurrency enthusiast. With over 8 years of experience covering the crypto, blockchain, and fintech industries, he is well-versed in the complex and ever-evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His approach allows him to break down complex ideas into accessible and in-depth content. Follow his publications to stay up to date with the most important trends and topics.
