Riot Platforms sells nearly $100M in bitcoin to buy Rockdale site, signs AMD lease

Riot Platforms sold nearly $100 million of bitcoin to fund the purchase of its 200-acre Rockdale site and signed a leasing agreement with Advanced Micro Devices that could deliver $1 billion in revenue.

The company used the proceeds from the bitcoin sale specifically to finance the Rockdale acquisition, a move tied to the new lease with AMD on the property.

The leasing agreement is described as potentially delivering $1 billion in revenue; further terms, timing and additional details were not provided in the source material.

Key Topics

Crypto, Riot Platforms, Advanced Micro Devices, Rockdale Site, Bitcoin, Ai Infrastructure