Riot Blockchain Jumps 7.7% in Pre-market as It Signs Data Center Lease Agreement with AMD

BlockBeats News, January 16th, according to Bitget market data, US-listed mining company Riot Platforms (RIOT) surged 7.7% in pre-market trading as the company signed a data center leasing agreement with AMD.

In addition, Riot Platforms announced the sale of 1,080 bitcoins and will use the proceeds of approximately $96 million to purchase the Rockdale site for a data center project.

Riot Platforms, regarding its collaboration with AMD, stated that the agreement with AMD (AMD.O) includes deploying the initial 25-megawatt capacity. The deal includes potential expansion to up to 200 megawatts. The transaction is expected to bring in $311 million in contract revenue. If the contract is fully extended, contract revenue could increase to around $1 billion.