Riot Platforms acquired 200 acres in Rockdale, Texas, securing long-term control of the site after selling 1,080 bitcoin to fund the purchase. The company signed a major 10-year data center lease with AMD, starting in 2026, valued at $311 million with options potentially increasing revenue to $1 billion. Riot is pivoting its Texas mining assets toward AI and high-performance computing workloads, reflecting a broader trend among bitcoin miners adapting to rising mining costs.

