Mining company Riot Platforms has acquired approximately 81 acres near its flagship data center in Rockdale, Texas, for $96 million.
We’re excited to share a series of transformative transactions that firmly establish our rapidly scaling data center business — including fee simple acquisition of our Rockdale site and signing our first data center lease with AMD.
— Riot Platforms, Inc. (@RiotPlatforms) January 16, 2026
Read the full press release here:…
The acquisition was financed through the company’s own funds. In December, Riot sold a record 1,080 BTC, having mined 460 BTC that month.
The company has taken ownership of the land it had been leasing long-term.
Under a deal with Advanced Micro Devices (AMD), Riot will gradually introduce AI computing capabilities for its partner between January and May 2026.
During subsequent expansions, the mining firm will provide AMD access to 200 MW. Riot has an additional contracted capacity of 700 MW.
“I am pleased to announce significant progress that expands our fully approved power portfolio for data centers to 1.7 GW and, through the signing of the lease with AMD, firmly establishes Rockdale as a leading development hub. This partnership confirms Riot's infrastructure, expansion capabilities, site attractiveness, available capacity, and our ability to offer innovative solutions to meet the demands of leading tenants,” said Riot CEO Jason Les.
CleanSpark in the Game
Bitcoin miner CleanSpark has finalized an agreement to purchase approximately 181 acres in Brazoria County, Texas.
— CleanSpark Inc. (@CleanSpark_Inc) January 14, 2026
This acquisition is expected to allow the company to expand its computing capacity by a total of 600 MW, with the deal expected to close in the first quarter of 2026.
“The demand for scalable, AI-native computing continues to accelerate, and access to transmission-level power in strategically advantageous regions is becoming increasingly limited,” stated CleanSpark Chairman and CEO Matt Schultz.
CoreWeave Expands Operations
Infrastructure AI service provider CoreWeave has deployed 16,000 GPUs in a Texas data center to provide services for AI startup OpenAI, according to The Information.
The installation of equipment at the Denton, Texas facility faced delays due to issues with a third-party contractor.
Plans are in place for the facility, owned by the company’s partner, Bitcoin miner Core Scientific, to transition from a Bitcoin mining operation to a data center serving the AI sector, with an investment of approximately $6.1 billion.
It’s worth noting that tech giant Google acquired a stake in Cipher Mining, a Bitcoin mining company. The corporation also became the largest shareholder in another mining industry player, TeraWulf.