TLDR Riot Platforms stock jumped 16.05% on Friday to close at $19.23 after announcing a major data center deal with AMD The company purchased 200 acres of land TLDR Riot Platforms stock jumped 16.05% on Friday to close at $19.23 after announcing a major data center deal with AMD The company purchased 200 acres of land

Riot Platforms (RIOT) Stock: Bitcoin Miner Pops 16% on Friday – Here’s Why

TLDR

  • Riot Platforms stock jumped 16.05% on Friday to close at $19.23 after announcing a major data center deal with AMD
  • The company purchased 200 acres of land in Rockdale, Texas for $96 million using 1,080 Bitcoin from its holdings
  • Riot signed a 10-year lease with AMD to provide up to 200 megawatts of data center capacity worth $311 million initially
  • The AMD contract could expand to approximately $1 billion if all extension options are exercised over time
  • Trading volume spiked to 53.4 million shares, 172% higher than the three-month average

Riot Platforms closed Friday trading session at $19.23. The stock climbed 16.05% after the company revealed plans to expand its data center operations.


RIOT Stock Card
Riot Platforms, Inc., RIOT

The Bitcoin mining company used 1,080 coins from its treasury to buy land it already operated on. The purchase price was $96 million for 200 acres in Rockdale, Texas.

With the land now owned outright, Riot moved quickly. The company signed a 10-year agreement with AMD the same day.

The initial contract is worth $311 million. AMD will lease data center capacity starting with 25 megawatts of critical IT load.

The deal includes room to grow. AMD can expand its footprint to 200 megawatts by May 2026 if it chooses.

Three five-year extension options sweeten the pot further. If AMD exercises all options, the total contract value could hit $1 billion.

Piper Sandler maintained its Overweight rating on Riot with a $26 price target. The firm called the AMD deal “an encouraging first step” toward contracting the full 1.2 gigawatts of capacity across Riot’s sites.

Market Response and Peer Movement

Trading volume told the story of investor interest. Riot saw 53.4 million shares change hands on Friday.

That’s 172% above the three-month average of 19.7 million shares. The market clearly took notice of the announcement.

Other Bitcoin miners caught the wave too. Mara Holdings gained 6.57% while Hut 8 rose 4.14%.

The broader market stayed flat. The S&P 500 dipped 0.07% and the Nasdaq fell 0.06%.

Riot’s stock has climbed 30.78% year-to-date. The company repositioned itself as a Bitcoin miner back in 2016 and has grown 612% since that pivot.

Data Center Strategy Takes Shape

Piper Sandler sees major upside in the data center transition. The firm estimates a full conversion of Riot’s Rockdale and Corsicana sites to AI and high-performance computing data centers could represent over $30 per share in value.

The AMD agreement gives the chip maker right of first refusal on an additional 100 megawatts. This brings potential total commitment to 200 megawatts of critical IT infrastructure.

Riot’s treasury still holds 16,925 Bitcoin after the land purchase. The company used its digital assets strategically to fund expansion without diluting shareholders or taking on debt.

AMD currently trades at $232.50 with a market cap of roughly $379 billion. The chip maker has posted a 12.18% return over the past week and 92.43% over the last year.

The Rockdale site sits near Austin, Texas. Riot also owns a facility in Corsicana with similar development potential.

Piper Sandler believes the AMD deal positions Riot as a “credible data center option for hyperscaler tenants.” The firm sees this as validation of Riot’s pivot from pure Bitcoin mining to diversified data center hosting.

Riot Platforms now operates with a market cap of $7.2 billion. The stock trades within a 52-week range of $6.19 to $23.93.

The post Riot Platforms (RIOT) Stock: Bitcoin Miner Pops 16% on Friday – Here’s Why appeared first on CoinCentral.

Market Opportunity
Ucan fix life in1day Logo
Ucan fix life in1day Price(1)
$0.0238
$0.0238$0.0238
+41.77%
USD
Ucan fix life in1day (1) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

CME Group to launch options on XRP and SOL futures

CME Group to launch options on XRP and SOL futures

The post CME Group to launch options on XRP and SOL futures appeared on BitcoinEthereumNews.com. CME Group will offer options based on the derivative markets on Solana (SOL) and XRP. The new markets will open on October 13, after regulatory approval.  CME Group will expand its crypto products with options on the futures markets of Solana (SOL) and XRP. The futures market will start on October 13, after regulatory review and approval.  The options will allow the trading of MicroSol, XRP, and MicroXRP futures, with expiry dates available every business day, monthly, and quarterly. The new products will be added to the existing BTC and ETH options markets. ‘The launch of these options contracts builds on the significant growth and increasing liquidity we have seen across our suite of Solana and XRP futures,’ said Giovanni Vicioso, CME Group Global Head of Cryptocurrency Products. The options contracts will have two main sizes, tracking the futures contracts. The new market will be suitable for sophisticated institutional traders, as well as active individual traders. The addition of options markets singles out XRP and SOL as liquid enough to offer the potential to bet on a market direction.  The options on futures arrive a few months after the launch of SOL futures. Both SOL and XRP had peak volumes in August, though XRP activity has slowed down in September. XRP and SOL options to tap both institutions and active traders Crypto options are one of the indicators of market attitudes, with XRP and SOL receiving a new way to gauge sentiment. The contracts will be supported by the Cumberland team.  ‘As one of the biggest liquidity providers in the ecosystem, the Cumberland team is excited to support CME Group’s continued expansion of crypto offerings,’ said Roman Makarov, Head of Cumberland Options Trading at DRW. ‘The launch of options on Solana and XRP futures is the latest example of the…
Share
BitcoinEthereumNews2025/09/18 00:56
XRP Yield Strategies vs. Traditional Staking: Which Offers the Highest Returns for Long-Term Holders?

XRP Yield Strategies vs. Traditional Staking: Which Offers the Highest Returns for Long-Term Holders?

[January 20, 2026] — As the cryptocurrency market matures, investors are no longer content with simply holding (HODL) but are beginning to seek the “productivity
Share
Coincentral2026/01/20 23:25
Value Gene Report: Humanoid Robots to Reshape Food Manufacturing Within Six Years as Labor Crisis Deepens

Value Gene Report: Humanoid Robots to Reshape Food Manufacturing Within Six Years as Labor Crisis Deepens

DALLAS, Jan. 20, 2026 /PRNewswire/ — Value Gene Consulting Group today released a new report, “How Humanoids Will Reshape Food Manufacturing,” stating that humanoids
Share
AI Journal2026/01/20 23:15