Cryptomine firm-turned HPC data center provider Riot has signed a new deal with chip designer AMD.

As part of its Q1 2026 earnings report, Riot Platforms announced AMD has exercised its option to lease an additional 25MW from the data center firm, bringing its total contracted capacity to 50MW of critical IT capacity.

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

"With 50MW now firmly contracted with AMD, we are rapidly executing on the value creation opportunity presented by our significant, fully-approved power portfolio. We have the secured power, the in-house development expertise, and the significant financial resources required to capitalize on strong market demand with high-quality tenants in order to drive compounding shareholder value.”

Riot announced a pivot towards HPC data centers in January, securing AMD as a customer. The chip firm is set to lease capacity at Riot’s campus in Rockdale, Texas.

As well as retrofitting one of its existing buildings at the campus, Riot acquired 200 acres of additional land at the site to serve AMD. The initial 25MW of capacity is to be delivered in phases beginning in January 2026 (5MW) and completing in May 2026. The additional 25MW is set to be delivered by May 2027. The expanded capacity will be in the same building as the original 25MW.

The original AMD lease totals ten years, with three five-year extension options, and is expected to generate approximately $311 million in base rent over the initial term.

The additional lease also totals ten years with three five-year extension options, and is expected to generate $325m over the initial term.

The January agreement with AMD included the potential to expand to a total of up to 200MW of critical IT load capacity at the campus. This includes an expansion option for an additional 75MW (now 50MW) of critical IT load capacity and a right of first refusal for another 100MW.

Work started on the seven-building Rockdale site in 2020, completing in 2023. Two buildings, totaling 200MW, utilize immersion cooling, while the remaining five buildings (500MW) use air cooling. Easements have also been secured for potential expansion beyond 700MW.

For the quarter, Riot posted total revenue of $167.2m, compared to $161.4m in Q1 2025.

Formerly known as Riot Blockchain, Riot is one of the world's largest Bitcoin miners, but has been in discussions about a pivot towards AI and HPC data center since 2024.

Riot owns and manages more than 1,100 acres and 1.7GW of power capacity across its two Texas facilities. The other site – known as Corsicana – is located outside Dallas. Construction is ongoing on the first two 56MW buildings. The site could eventually total 11 buildings and 672MW, with potential to expand further to 1GW.

It also owns two operational sites in Kentucky, totaling 60MW, after acquiring Block Mining in July 2024. The sites could total more than 300MW at full build-out.

Greenpeace previously accused Riot of operating the “largest, and one of the most energy and carbon-intensive, Bitcoin mines in the US.”