Jay A. Breen
10.2K posts
@PumpTheJuice
To #PumpTheJuice is to Seek Synergy & Build Wise Relationships via #mHealth & #TeleHealth Solutions ~SUSTAINABILITY Personal Fit. Training, #BrainWarriorsWAY
The tech trade goes higher than 10% at least, predicts @DivesTech despite the pullback from records today. He lays out the bull case and his top picks: cnbc.com/video/2026/05/…
BREAKING $AMD & $RIOT 25-200MW 🚀🚀🚀 Riot Announces Fee Simple Acquisition of Land and First Data Center Lease with AMD at the Rockdale Site CASTLE ROCK, Colo., Jan. 16, 2026 (GLOBE NEWSWIRE) -- Riot Platforms, Inc. (NASDAQ: RIOT) (“Riot” or “the Company”), a Bitcoin-driven industry leader in the development of large-scale data centers and bitcoin mining applications, is pleased to announce a series of transformative transactions that firmly establish the Company’s rapidly scaling data center business, including: The fee simple acquisition of 200 acres of land at Rockdale currently occupied by Riot (the “Rockdale Site”) for total consideration of $96.0 million funded entirely by the sale of approximately 1,080 bitcoin from Riot’s balance sheet, adding the Rockdale Site to Riot’s portfolio of data center development opportunities The signing of a Data Center Lease and Services Agreement (“Data Center Lease”) with Advanced Micro Devices, Inc. (“ @AMD ), a leading innovator in high-performance computing, graphics and visualization technologies, at the Rockdale Site, which includes an initial deployment of 25 MW of critical IT load capacity to be delivered in phases beginning in January 2026 and completing in May 2026, with the potential for additional expansion of up to a total of 200 MW of critical IT load capacity “I am pleased to share the substantial progress we have made at Rockdale, which expands our fully approved data center power portfolio to 1.7 gigawatts and, through the signing of a data center lease with AMD, firmly establishes Rockdale as a leading data center development opportunity,” said Jason Les, CEO of Riot. “This partnership represents a validation of Riot’s infrastructure, development capabilities, the attractiveness of our sites, our readily available power capacity, and our ability to offer innovative solutions to meet the requirements of top-tier tenants. “Our data center team, led by Chief Data Center Officer Jonathan Gibbs, worked quickly to develop a uniquely tailored offering that met AMD’s immediate needs and offers a path for further expansion of our collaboration. We are incredibly excited to collaborate and grow with AMD, one of the most significant hardware manufacturers in the world and a key leader in the AI ecosystem. These results mark a pivotal moment that cements Riot’s position as a leading data center developer, less than twelve months since the launch of our formal process to evaluate our assets for AI/HPC use. Today’s milestones strongly position us for future development and leasing opportunities. As we continue to work towards converting all available power capacity at our Rockdale and Corsicana sites for data center use, we are galvanized by the opportunity this presents for substantial long-term value creation for our shareholders.” Acquisition of the Rockdale Site Riot has completed the fee simple acquisition of 200 acres of land in Milam County, TX, on which the Company previously operated under a long-term ground lease, for total consideration of $96.0 million. This transaction permanently establishes Riot in Milam County, ensuring long-term growth and operational stability within the county’s business-friendly jurisdiction. Now fully owned and operated by Riot, the Rockdale Site features a 700 MW interconnection to the grid, dedicated water supply, and fiber connectivity. This acquisition immediately unlocks the Rockdale Site for data center development and supports the concurrently announced signing of a Data Center Lease with AMD. Riot intends to convert the full 700 MW of gross power capacity at its Rockdale Site for data center tenants. Riot now owns and manages over 1,100 acres and 1.7 GW of power capacity across its two Texas facilities, which are separated by approximately 100 miles. Together, they anchor an unrivaled, leading position in the “Texas Triangle,” a formation of the major urban centers of Texas bounded by Austin, Dallas, Houston and San Antonio. The fee simple acquisition of the land at the Rockdale Site was funded entirely by the sale of approximately 1,080 bitcoin from Riot’s balance sheet. Signing of a Data Center Lease and Services Agreement with AMD Riot has entered into the Data Center Lease with AMD to deliver 25 MW of critical IT load capacity at its Rockdale Site. The Data Center Lease carries an initial term of 10 years and is expected to generate approximately $311.0 million in contract revenue. Also included are three five-year extension options which, if fully exercised, would bring the total expected contract revenue to approximately $1.0 billion. In addition, AMD holds an expansion option for an additional 75 MW of critical IT load capacity and a right of first refusal for another 100 MW. If both are exercised, AMD’s total leased capacity at the Rockdale Site would increase to 200 MW. The initial deployment will leverage Riot’s existing infrastructure at the Rockdale Site. Riot has commenced retrofitting one of its existing buildings, with delivery to AMD expected in two phases: the first in January 2026 and final completion in May 2026. “At AMD, advancing high-performance computing and AI requires partners that can match our pace and scale,” said Hasmukh Ranjan, CIO of AMD. “We’re excited to work with Riot, whose capabilities, power availability, and high-density solutions align with our infrastructure roadmap. This collaboration strengthens our ability to deliver the performance and scalability the AI ecosystem demands.” Key Agreement Highlights: ~Approximately $311 million of contract value across the initial 10-year term for 25 MW of critical IT load capacity ~Approximately $1.0 billion of contract value if all three five-year extension options are exercised ~200 MW of total potential critical IT load capacity, inclusive of 75 MW expansion option and 100 MW right of first refusal ~Retrofit capex for initial deployment of $89.8 million, representing $3.6 million per MW of critical IT load capacity ~Expected average net operating income (“NOI”) contribution of equal $25 million per year ~Modified gross lease with annual escalators
AMD Chair and CEO Dr. Lisa Su is taking the stage to open #CES2026. In her keynote, Dr. Su will unpack the breakthroughs in high-performance computing and AI that are redefining how industries operate, innovate, and scale. Tune in to the link below on January 5th at 6:30 PM PT. youtube.com/live/UbfAhFxDo…
