{"id":93244,"date":"2026-01-16T20:30:44","date_gmt":"2026-01-16T17:30:44","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=93244"},"modified":"2026-01-16T20:35:22","modified_gmt":"2026-01-16T17:35:22","slug":"riot-platforms-sells-1080-btc-to-expand-in-ai","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/riot-platforms-sells-1080-btc-to-expand-in-ai\/","title":{"rendered":"Riot Platforms Sells 1080 BTC to Expand in AI"},"content":{"rendered":"<p>Mining company Riot Platforms has acquired an approximately 81-hectare plot for $96 million near its flagship data center in Rockdale, Texas.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">We\u2019re excited to share a series of transformative transactions that firmly establish our rapidly scaling data center business \u2014 including fee simple acquisition of our Rockdale site and signing our first data center lease with AMD.<\/p>\n<p>Read the full press release here:\u2026<\/p>\n<p>\u2014 Riot Platforms, Inc. (@RiotPlatforms) <a href=\"https:\/\/twitter.com\/RiotPlatforms\/status\/2012166339511656917?ref_src=twsrc%5Etfw\">January 16, 2026<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The firm financed the acquisition with its own funds. In December, Riot sold a record 1080 BTC, having mined 460 BTC that month.<\/p>\n<p>The company gained ownership of a plot it had been leasing long-term.<\/p>\n<p>Under the agreement with Advanced Micro Devices (AMD), Riot will gradually provide computing AI capacities to the partner from January to May 2026.<\/p>\n<p>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.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cI am pleased to announce the significant progress we have made, which expands our fully approved power supply portfolio for <span data-descr=\"data center\" class=\"old_tooltip\">data centers<\/span> 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&#8217;s infrastructure, expansion capabilities, site attractiveness, available capacity, and our ability to offer innovative solutions to meet the demands of leading tenants,\u201d said Riot CEO Jason Les.<\/p>\n<\/blockquote>\n<h2 class=\"wp-block-heading\">CleanSpark Enters the Scene<\/h2>\n<p>Bitcoin miner CleanSpark has signed a definitive agreement to purchase a plot of land approximately 181 hectares in Brazoria County, Texas.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"zxx\" dir=\"ltr\"><a href=\"https:\/\/t.co\/CKVrwA1MBJ\">https:\/\/t.co\/CKVrwA1MBJ<\/a><\/p>\n<p>\u2014 CleanSpark Inc. (@CleanSpark_Inc) <a href=\"https:\/\/twitter.com\/CleanSpark_Inc\/status\/2011417899303366733?ref_src=twsrc%5Etfw\">January 14, 2026<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>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.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cThe demand for scalable, AI-native computing continues to accelerate, and access to transmission-level power in strategically advantageous regions is becoming increasingly limited,\u201d noted CleanSpark Chairman and CEO Matt Schultz.<\/p>\n<\/blockquote>\n<h2 class=\"wp-block-heading\">CoreWeave Expands Operations<\/h2>\n<p>Infrastructure AI service provider CoreWeave has deployed 16,000 graphics processors in a Texas data center to provide services to AI startup OpenAI, reports <a href=\"https:\/\/www.theinformation.com\/briefings\/coreweave-hits-first-data-center-milestone-texas-internal-message-shows\">The Information<\/a>.<\/p>\n<p>Equipment installation at the Denton, Texas facility began with delays. The company attributed the schedule lag to issues with a third-party contractor.<\/p>\n<p>The data center, owned by the company&#8217;s partner \u2014 bitcoin miner Core Scientific \u2014 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.<\/p>\n<p>Back in April, tech giant Google <a href=\"https:\/\/forklog.com\/en\/news\/google-acquires-stake-in-cipher-mining\">acquired a stake<\/a> in Cipher Mining, which engages in cryptocurrency mining. The corporation also <a href=\"https:\/\/forklog.com\/en\/news\/google-becomes-largest-shareholder-in-bitcoin-miner-terawulf\">became the largest shareholder<\/a> of another mining industry player \u2014 TeraWulf.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mining company Riot Platforms has acquired an approximately 81-hectare plot for $96 million near its flagship data center in Rockdale, Texas.<\/p>\n","protected":false},"author":1,"featured_media":93245,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"Riot Platforms buys land for $96M near Texas data center.","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[438,1180,1271,1137,1186],"class_list":["post-93244","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-artificial-intelligence","tag-cleanspark","tag-core-scientific","tag-cryptocurrency-mining","tag-riot-platforms"],"aioseo_notices":[],"amp_enabled":true,"views":"255","promo_type":"1","layout_type":"1","short_excerpt":"Riot Platforms buys land for $96M near Texas data center.","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/93244","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=93244"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/93244\/revisions"}],"predecessor-version":[{"id":93246,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/93244\/revisions\/93246"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/93245"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=93244"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=93244"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=93244"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}