Riot Platforms Sells 1080 BTC to Expand in AI

Riot Platforms buys land for $96M near Texas data center.

Mining company Riot Platforms has acquired an approximately 81-hectare plot for $96 million near its flagship data center in Rockdale, Texas.

We’re excited to share a series of transformative transactions that firmly establish our rapidly scaling data center business — including fee simple acquisition of our Rockdale site and signing our first data center lease with AMD.

Read the full press release here:…

— Riot Platforms, Inc. (@RiotPlatforms) January 16, 2026

The firm financed the acquisition with its own funds. In December, Riot sold a record 1080 BTC, having mined 460 BTC that month.

The company gained ownership of a plot it had been leasing long-term.

Under the agreement with Advanced Micro Devices (AMD), Riot will gradually provide computing AI capacities to the partner from January to May 2026.

The mining firm will be able to provide AMD access to 200 MW during subsequent expansions. Riot has an additional contracted capacity of 700 MW.

“I am pleased to announce the significant progress we have made, which expands our fully approved power supply portfolio for data centers to 1.7 GW and, with the signing of the lease agreement with AMD, firmly establishes Rockdale as a leading development hub. This partnership confirms Riot’s infrastructure, expansion capabilities, site attractiveness, available capacity, and our ability to offer innovative solutions to meet the demands of leading tenants,” said Riot CEO Jason Les.

CleanSpark Enters the Scene

Bitcoin miner CleanSpark has signed a definitive agreement to purchase a plot of land approximately 181 hectares in Brazoria County, Texas.

https://t.co/CKVrwA1MBJ

— CleanSpark Inc. (@CleanSpark_Inc) January 14, 2026

The acquisition is expected to allow the company to expand its computing capacity by a total of 600 MW. The deal is anticipated to close in the first quarter of 2026.

“The demand for scalable, AI-native computing continues to accelerate, and access to transmission-level power in strategically advantageous regions is becoming increasingly limited,” noted CleanSpark Chairman and CEO Matt Schultz.

CoreWeave Expands Operations

Infrastructure AI service provider CoreWeave has deployed 16,000 graphics processors in a Texas data center to provide services to AI startup OpenAI, reports The Information.

Equipment installation at the Denton, Texas facility began with delays. The company attributed the schedule lag to issues with a third-party contractor.

The data center, owned by the company’s partner — bitcoin miner Core Scientific — is planned to be upgraded from a cryptocurrency mining operation to a data center serving the AI segment. The investment volume is estimated at approximately $6.1 billion.

Back in April, tech giant Google acquired a stake in Cipher Mining, which engages in cryptocurrency mining. The corporation also became the largest shareholder of another mining industry player — TeraWulf.