On January 16, according to Bitget market data, US mining company Riot Platforms (RIOT) rose 7.7% in pre-market trading after the company signed a data center leasing agreement with AMD.
Riot Platforms stated that its agreement with AMD (AMD.O) includes the deployment of an initial 25 megawatts of capacity. The deal includes potential expansion to up to 200 megawatts. The transaction is expected to generate $311 million in contract revenue. If the contract is fully extended, contract revenue is expected to increase to approximately $1 billion.
