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Stock impact report

Riot Platforms Recasts Bitcoin Mining Story With AMD AI Data Center Deal [Yahoo! Finance]

Core Scientific, Inc. (CORZ) 
Company Research Source: Yahoo! Finance
Riot Platforms (NasdaqCM:RIOT) has signed a 10 year data center lease agreement with AMD focused on high performance computing and AI workloads. The company has also acquired 200 acres at its Rockdale site, giving it room for large scale data center expansion. These moves mark a shift from a pure bitcoin mining focus toward a broader role as a compute and AI infrastructure provider. Riot Platforms enters this shift with a share price of $17.543 and a mixed return profile, including a 56.4% return over the past year and 155.7% over three years, alongside a 23.2% decline over five years. Over shorter periods, the stock shows a 32.8% return over the past 30 days and 1.7% over the past week, which puts fresh attention on how this new data center direction might influence sentiment toward NasdaqCM:RIOT. For investors, the AMD agreement and Rockdale land purchase introduce a different set of drivers compared with a bitcoin mining only story. The key questions now are how quickly Ri Show less Read more
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