AMD Doubles Its Footprint at Riot Platforms' Texas Campus with Second 25MW Data Center Lease. Chip designer AMD has expanded its presence at Riot Platforms' Rockdale, Texas data center campus, exercising an option to lease an additional 25 megawatts of critical IT capacity from the former Bitcoin mining company, bringing its total contracted capacity at the site to 50 MW.

A Validated Pivot Toward HPC

The expansion was disclosed as part of Riot's first quarter 2026 earnings report, marking a significant milestone in the company's ongoing transformation from a cryptocurrency mining operator into a high-performance computing data center provider.

Riot announced the broader strategic pivot in January; at the same time, it secured AMD as its first major data center tenant.

Jason Les, CEO of Riot Platforms, framed the AMD expansion as proof that the company can serve large-scale, demanding enterprise customers.

"The first quarter of 2026 marks a definitive inflection point for Riot, as we officially transitioned into an active, revenue-generating data center operator," Les said.

"Our ongoing delivery of initial capacity to AMD, and their decision to already double their footprint with a 25MW expansion, validates our ability to execute at institutional scale with the most demanding tenants."

Lease Terms and Revenue Projections

The original agreement signed in January covers 25MW of capacity at the Rockdale campus and runs for ten years, with three five-year extension options.

That initial lease is expected to generate approximately USD 311 million in base rent over its initial term. The newly exercised option for an additional 25 MW carries matching structural terms, a ten-year lease with three five-year extension options, and is expected to generate USD 325 million over the initial term.

The additional 25MW will be housed in the same building as the original contracted capacity.

Delivery of the first tranche is being carried out in phases, beginning with 5 MW in January 2026 and completing in May 2026. The second tranche of 25MW is scheduled for delivery by May 2027.

Room to Grow Further

The January agreement between AMD and Riot included provisions for potential expansion well beyond the current 50MW. Specifically, the original deal contained an option for an additional 75MW of critical IT load capacity, now reduced to 50MW following this exercise, as well as a right of first refusal for another 100MW.

AMD could ultimately expand to a total of up to 200MW of critical IT load capacity at the Rockdale campus, should it choose to activate the remaining options.

To support the AMD relationship, Riot has already taken steps to increase available capacity at Rockdale.

In addition to retrofitting an existing building at the site, the company acquired 200 acres of additional land at the campus.

The Rockdale Campus

The Rockdale data center campus, where AMD's capacity is located, has a substantial existing footprint. Construction on the seven-building site began in 2020 and was completed in 2023.

Two of the buildings, totaling 200MW of capacity, use immersion cooling, while the remaining five buildings, accounting for 500MW, rely on air cooling.

Easements have been secured that would allow for potential expansion beyond the current 700MW total. Riot owns and manages more than 1,100 acres and 1.7 gigawatts of power capacity across its two Texas facilities.

The second Texas site, located outside Dallas in Corsicana, is still under construction, with work underway on the first two buildings at 56MW each.

The Corsicana site has been planned for up to 11 buildings and 672MW, with the potential to expand further to 1 gigawatt.

Beyond Texas, Riot also operates two sites in Kentucky, totaling 60MW, following its acquisition of Block Mining in July 2024.

Those Kentucky sites could reach more than 300MW at full build-out.

Financial Performance

Riot reported total revenue of $167.2 million for the first quarter of 2026, compared to $161.4 million in the first quarter of 2025. The company did not break out data center revenue separately in the details reported alongside the announcement.

From Bitcoin to Broadband Computing

Riot Platforms, formerly known as Riot Blockchain, built its business as one of the world's largest Bitcoin miners.

The company has been in discussions about a transition toward artificial intelligence and high-performance computing data center services since 2024, with the AMD deal representing the first concrete step in that transition reaching an operational phase.

Greenpeace previously described Riot as operating the largest and one of the most energy and carbon-intensive Bitcoin mines in the United States.