Riot Platforms Signs $311 Million Data Center Lease with AMD
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 17 2026
0mins
Source: Fool
- Stock Surge: Riot Platforms' stock rose 16.05% to $19.23, with trading volume hitting 53.4 million shares, approximately 172% above its three-month average, indicating strong market enthusiasm for its new partnership.
- Land Acquisition and Lease: Riot acquired 200 acres of land in Rockdale, Texas, for $96 million and immediately signed a 10-year data center lease with AMD, securing a foundation for future operations.
- Significant Contract Potential: The initial contract with AMD is valued at $311 million, with the potential to grow to around $1 billion if AMD exercises all three five-year options, highlighting the strategic value of this long-term partnership.
- Positive Market Response: As Riot and other miners diversify into data center hosting, the market has reacted positively to their strategic shift, suggesting enhanced growth potential in the future.
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Analyst Views on AMD
Wall Street analysts forecast AMD stock price to fall
33 Analyst Rating
25 Buy
8 Hold
0 Sell
Strong Buy
Current: 521.540
Low
210.00
Averages
289.13
High
377.00
Current: 521.540
Low
210.00
Averages
289.13
High
377.00
About AMD
Advanced Micro Devices, Inc. is a global semiconductor company. The Company is focused on high-performance computing and artificial intelligence (AI). Its segments include Data Center, Client and Gaming, and Embedded. Data Center segment includes AI accelerators, microprocessors (CPUs) for servers, graphics processing units (GPUs), accelerated processing units (APUs), data processing units (DPUs), Field Programmable Gate Arrays (FPGAs), and Adaptive system-on-Chip (SoC) products for data centers. Client and Gaming segment includes CPUs, APUs, chipsets for desktops and notebooks, discrete GPUs, and semi-custom SoC products and development services. Embedded segment includes embedded CPUs, APUs, FPGAs, system on modules (SOMs), and Adaptive SoC products. It markets and sells its products under the AMD trademark. Its products include AMD EPYC, AMD Ryzen, AMD Ryzen PRO, Virtex UltraScale+, among others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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