Riot Platforms Lands AMD Rockdale Data Deal

Riot Platforms (NASDAQ: RIOT) has secured a data center deal with AMD at its Rockdale, Texas facility, expanding contracted capacity to 50 MW with an option for 200 MW. The 10-year agreement is expected to generate approximately $636 million in revenue, as Riot pivots from Bitcoin mining to AI and data-center hosting, driving its stock up 90% year-to-date in 2026.

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.