Why Shares of Riot Platforms Are Surging Today [Yahoo! Finance]
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Source: Yahoo! Finance
It has not been uncommon for Bitcoin miners to transition their data centers to providing artificial intelligence capacity. 10 stocks we like better than Riot Platforms › Shares of the Bitcoin miner Riot Platforms (NASDAQ: RIOT) traded nearly 13.5% higher today, as of 1:11 p.m. ET. The company announced the acquisition of land and a lease agreement with chipmaker Advanced Micro Devices as it moves further into the data center space. Bitcoin miners operate large data centers because the cryptographic puzzles they must solve to mine new Bitcoin require a tremendous amount of energy. However, more Bitcoin miners are transitioning to data centers for artificial intelligence, given AI's popularity and the fact that the majority of Bitcoin tokens have already been mined. Riot plans to acquire 200 acres of land at its Rockdale data center site, which it currently occupies, for $96 million. The deal will be funded by the sale of 1,080 of Riot's Bitcoin. Located in Rockdale, Texas, th
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- Taiwan Semi Stock Just Hit a New All-Time High But AI Fears Remain [Yahoo! Finance]Yahoo! Finance
- Stock Market Today, Jan. 16: Riot Platforms Surges After Securing AMD Data Center Lease [Yahoo! Finance]Yahoo! Finance
- Why This Stock's Recent Weakness Could Be a Gift for Patient Investors [Yahoo! Finance]Yahoo! Finance
- Bitcoin pulls back to $94,300 as U.S. stocks sink, precious metals tumble [Yahoo! Finance]Yahoo! Finance
- AMD's Great Overtaking - Buy While It's Cheap [Seeking Alpha]Seeking Alpha
AMD
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- 1/16/26 - Form 144
- 12/23/25 - Form 3
- 12/15/25 - Form 8-K
- AMD's page on the SEC website