🏗️ Riot Platforms Shares Jump 11% After Strategic Bitcoin Sale
Riot Platforms ($RIOT) surged 11% after announcing it sold ~1,080 BTC to fully fund a $96M land acquisition in Rockdale, Texas. The move signals a major shift in strategy — from pure Bitcoin mining to data centers, AI, and high-performance computing (HPC). 🤖⚡
🔹 200 acres acquired in Texas
🔹 Funded entirely through BTC sale
🔹 AMD partnership secured
🔹 Initial 25MW deployment, 10-year lease
🔹 Potential revenue: $311M, expandable to $1B
Riot still holds 18,005 BTC, showing this isn’t an exit from Bitcoin — but a pivot toward diversified, long-term infrastructure growth.
