🚀💻⚡ Riot Platforms Shares SPIKE 8% on Massive AMD AI Data Center Expansion!
🔹 AMD doubles contracted capacity from 25MW to 50MW at Riot's Rockdale campus — potential to scale 150MW total 🏭💰
🔹 10-year deal worth $636M revenue — Riot pivots from pure Bitcoin mining to AI/HPC infrastructure goldmine 📊🤖
🔹 Q1 revenue $167.2M vs $161.4M prior year — $33.2M from data centers alone offsetting mining headwinds 💸📈
🔹 Refinanced $200M BTC-backed credit: rate dropped 8.3% → 6.15% — lenders trust the AI pivot story 🏦🔥
From mining BTC to powering AI — the future is here 👀⚡
#Riot #AMD #AI #Mining
@money
🔹 AMD doubles contracted capacity from 25MW to 50MW at Riot's Rockdale campus — potential to scale 150MW total 🏭💰
🔹 10-year deal worth $636M revenue — Riot pivots from pure Bitcoin mining to AI/HPC infrastructure goldmine 📊🤖
🔹 Q1 revenue $167.2M vs $161.4M prior year — $33.2M from data centers alone offsetting mining headwinds 💸📈
🔹 Refinanced $200M BTC-backed credit: rate dropped 8.3% → 6.15% — lenders trust the AI pivot story 🏦🔥
From mining BTC to powering AI — the future is here 👀⚡
#Riot #AMD #AI #Mining
@money
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