Riot Platforms stock jumps on AMD data-center lease — what to watch when markets reopen
Riot Platforms' stock surged nearly 16% after announcing a long-term data center agreement with Advanced Micro Devices (AMD) for its Rockdale, Texas facility, valued initially at $311 million. This deal signifies Riot's strategic shift toward stable, contracted revenue streams in AI and high-performance computing, less reliant on volatile crypto markets. Analysts upgraded price targets, but the company acknowledges potential risks related to execution, buildout delays, and supply-chain disruptions.
https://ts2.tech/en/riot-platforms-stock-jumps-on-amd-data-center-lease-what-to-watch-when-markets-reopen/