Riot Platforms Lands AMD Rockdale Data Deal

InsiderMonkey reports that Situational Awareness ranks Riot Platforms (NASDAQ: RIOT) among its under-the-radar AI and data-center stock picks, citing a reported stake value of $142.2 million. Per InsiderMonkey, Riot has pivoted from Bitcoin mining toward data-center hosting and the stock is up roughly 90% year-to-date in 2026. AMD exercised a capacity expansion option at Riot's Rockdale, Texas facility, bringing total contracted capacity to 50 MW, with an option to reach 200 MW total, per Riot's own press releases. The 50 MW arrangement is expected to generate approximately $636 million in contract revenue over 10 years, per company disclosures and Data Center Dynamics. Riot's Corsicana site has potential for 1 GW of total capacity, with roughly 400 MW operational and a Q2 2027 addition of 168 MW under construction.