Riot Platforms saw its stock price surge by 11% following a lease agreement with Advanced Micro Devices (AMD). This deal signifies a major pivot towards AI infrastructure for the company. According to reports, the agreement could generate $1 billion in revenue. To finance the purchase of its Rockdale site, spanning 200 acres, Riot Platforms sold nearly $100 million worth of Bitcoin. The company is strategically shifting its focus by leveraging its resources in both the cryptocurrency and artificial intelligence sectors.

Riot Platforms saw its stock price surge by 11% following a lease agreement with Advanced Micro Devices (AMD). This deal signifies a major pivot towards AI infrastructure for the company. According to reports, the agreement could generate $1 billion in revenue. To finance the purchase of its Rockdale site, spanning 200 acres, Riot Platforms sold nearly $100 million worth of Bitcoin. The company is strategically shifting its focus by leveraging its resources in both the cryptocurrency and artificial intelligence sectors.