Riot Platforms Inc. announced it has entered into a Data Center Lease and Services Agreement with AMD at its Rockdale Site. The agreement covers the delivery of 25 MW of critical IT load capacity with an initial 10-year term, expected to generate approximately $311 million in contract revenue. The contract includes three five-year extension options, which could increase the total contract value to approximately $1 billion if fully exercised.

Riot Platforms shares surged 7% in premarket.

AMD also has an option to expand by an additional 75 MW and a right of first refusal for another 100 MW, potentially increasing the total leased capacity to 200 MW. The initial deployment will utilize Riot’s existing infrastructure, with delivery to AMD scheduled in two phases beginning in January 2026 and completing in May 2026.