BITCOIN | Another Bitcoin Mining Firm Sees Positive Economics as it Diversifies into AI Infrastructure

Shares of Riot Platforms rose about 8% after the company expanded its data center agreement with Advanced Micro Devices (amd), signaling a deeper push into artificial intelligence infrastructure.

The Bitcoin miner said the chipmaker exercised an option to increase its leased capacity at Riot’s Texas facility, doubling the total contracted capacity to 50 megawatts.

The move builds on Riot’s strategy to diversify beyond cryptocurrency mining into higher-margin data center and high-performance computing services, as demand for AI infrastructure accelerates.

Riot, which recently reported its first meaningful data center revenue, is positioning the segment as a key growth driver, even as its core mining business faces volatility from fluctuating Bitcoin prices and rising network competition.

Under the expanded agreement, AMD’s long-term lease could generate roughly $636 million in revenue over a 10-year term while offering Riot a stable income stream tied to AI computing demand.

Riot Platforms Q1 2026 financial results show a revenue of $33.2 million largely driven by the expansion of AI data center services and a net loss of $500 million.

The development underscores a broader industry trend of crypto miners repurposing energy-heavy infrastructure to support AI workloads as companies seek to capitalize on surging demand for computing power.

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