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flag Riot Platforms surged 12-13% after buying 200 acres in Texas with bitcoin sales and securing a major AMD data center deal.

flag Riot Platforms stock rose 12-13% on January 16, 2026, after acquiring 200 acres in Texas for $96 million using bitcoin sales, securing full ownership of its Rockdale data center site. flag The company signed a 10-year hyperscale data center lease with AMD, starting in January 2026, with initial 25 MW of capacity and potential expansion to 200 MW, generating up to $1 billion in revenue over time. flag The facility has 700 MW grid capacity and is part of Riot’s broader shift from bitcoin mining to data center development, now managing over 1,100 acres and 1.7 GW of power in Texas.

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