Riot Platforms expands AMD deal, shifting focus from Bitcoin mining to AI data centers.

Riot Platforms is accelerating its shift from Bitcoin mining to AI and high-performance computing by doubling its contracted capacity with AMD at its Texas facility to 50MW, with potential to reach 150MW. This expansion is expected to generate $636 million in revenue over the next decade, signaling a strategic move to diversify amid declining Bitcoin mining revenue. The company reported Q1 revenue growth driven by its data center business, improved credit terms, and increased investor confidence, reflected in a 147% stock surge over the past year. Riot is positioning itself for growth in both digital assets and AI infrastructure markets.