Riot Platforms, Inc.
RIOT · Power-First Operator · Castle Rock, Colorado, USA
$28.57
+2.9% today
Market Thesis
Bitcoin miner pivoting to AI/HPC data center leasing on top of a ~1.7 GW grid-interconnected Texas power portfolio (Rockdale + Corsicana) plus a 162 MW Kentucky site. The power angle is the whole story: Riot already controls large blocks of energized, fully approved grid power that it is converting from mining to data center tenancy, anchored by a signed AMD lease at Rockdale.
Power Position
Operational · energized1.26 GW
Contracted · not operational0.60 GW
Announced · pipeline0.00 GW
Operational power is energized and earning today. Contracted is signed but not yet drawing load. Announced is pipeline — grid agreements and stated intent. The gap between them is where the risk, and the re-rating, live.
Key Sites & Contracts
Recent News
Jun 27
April 2026: AMD exercised a portion of its expansion option for an additional 25 MW of critical IT load at Rockdale, bringing total contracted AI/HPC data center capacity to 50 MW (per Q1 2026 10-Q filed April 30, 2026).