Riot sell 1,080 BTC to buy land for Rockdale; dem sign $311M, 10‑year AMD data‑center lease (25 MW, fit to expand)

Riot Platforms don sell about 1,080 BTC wey dem keep for dia treasury to pay for $96 million land wey dem buy — 200 acres for dia Rockdale, Texas campus — and dem announce 10‑year data center lease with AMD wey first part value be about $311 million. For di initial phase, AMD go lease 25 MW critical IT load in stages from this month till May; di contract get three optional five‑year renewals wey fit make di total value near $1 billion. AMD still get right to expand by 75 MW and right of first refusal on another 100 MW, so e fit reach total leased capacity up to 200 MW. Riot dey expect retrofit capex about $89.8 million for di first AMD deployment (≈ $3.6M per MW) and dem forecast average net operating income about $25 million per year once e start run. Rockdale site get 700 MW grid interconnection, water and fiber; plus Riot’s Corsicana site, the company control over 1,100 acres and 1.7 GW power capacity for Texas. Di move na part of Riot strategy to diversify from pure Bitcoin mining to AI and high‑performance computing (HPC) and contracted data‑center services, and investors like am well (shares climb two‑digits). For traders: di sale reduce Riot on‑balance BTC by ~1,080 coins (wey dem use pay for land); di deal create predictable contracted revenue and clear sign say dem dey shift operations wey fit change how Riot dey respond to Bitcoin price swings over time.