On-chain news broke on January 17, 2026, as Riot Platforms sold 1,080 BTC to fund a $96 million land purchase in Rockdale, Texas. The company also signed a 10-year data center agreement with AMD, deploying 25 megawatts of IT load. The deal could generate $311 million in revenue, potentially rising to $1 billion with renewals. Riot's stock (RIOT) rose 11% within 24 hours, closing at $18.80. Inflation data remains a key focus for cryptocurrency investors.
BlockBeats news: On January 17, cryptocurrency mining company Riot Platforms announced on Friday that it had paid $96 million for the acquisition of 200 acres of land in Rockdale, Texas, by selling approximately 1,080 bitcoins. The company also signed a data center lease and service agreement with semiconductor company AMD, initially deploying 25 megawatts of "critical IT load capacity."
Riot stated that the initial 10-year agreement could bring approximately $311 million in revenue to the company, with potential reaching up to $1 billion if three five-year renewals are executed. Driven by this news, the company's stock (ticker: RIOT), traded on the Nasdaq, surged to $18.80, representing an 11% increase within the past 24 hours.
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