Riot Platforms (NASDAQ: RIOT) has completed the purchase of 200 acres at its Rockdale, Texas, site and signed a long-term data center lease with Advanced Micro Devices, Inc. (AMD), marking the first major hyperscale tenant at the location.

The fee simple acquisition replaces Riot’s prior ground lease at Rockdale and was funded entirely through the sale of approximately 1,080 bitcoin from the company’s balance sheet, totaling $96 million. 

The mining company said the purchase secures long-term operational control of the site and opens it for large-scale data center development. 

The property includes a 700 MW grid interconnection, dedicated water supply, and fiber…

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