Globenewswire·2026-01-16 14:00Core Insights - Riot Platforms, Inc. has made significant advancements in its data center business, particularly through a partnership with AMD, which validates its infrastructure and development capabilities [1][2] - The company has acquired 200 acres of land in Milam County, Texas, for $96 million, enhancing its operational stability and growth potential [3][4] - Riot now manages over 1,100 acres and 1.7 gigawatts of power capacity across its Texas facilities, solidifying its position in the Texas Triangle [4] Data Center Development - The acquisition of the Rockdale Site allows for immediate data center development and supports the lease agreement with AMD [3][6] - Riot's data center portfolio now includes 1.7 GW of fully approved power capacity, positioning it as a leader in the U.S. data center market [6] - The initial deployment for AMD will start in January 2026 and is expected to be completed by May 2026, with a total potential capacity of 200 MW [6][7] Financial Implications - The Data Center Lease with AMD has an initial term of 10 years, expected to generate approximately $311 million in contract revenue, with potential total revenue reaching around $1 billion if all extensions are exercised [7][13] - The retrofit capital expenditure for the initial deployment is estimated at $89.8 million, translating to $3.6 million per MW of critical IT load capacity [13] - Expected average net operating income contribution is projected to be $25 million per year [13]