Riot Platforms delivers AMD's initial 25MW at Rockdale on schedule; AMD contract totals 50MW
Riot Platforms delivered AMD's initial 25MW deployment at its Rockdale campus on time and on budget, converting to full recurring revenue. The total AMD contract is 50MW with the second 25MW phase nearly complete. Riot's Rockdale campus has $9.8B contracted across AMD and a frontier AI lab leases.
Detected & updated continuously · Source: Nebula
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@McnallieM
🚨 @RiotPlatforms Delivers @AMD 's Initial 25 MW On Schedule and On Budget 🚨 ⚡ 25 MW live — $RIOT 's first $AMD deployment at Rockdale delivered on time and on budget, converting to full recurring revenue ⚡ 50 MW total $AMD contract — second 25 MW phase now nearly complete https://t.co/sTe7Hhiu3P
@matthew_sigel
$RIOT signs 286MW, 20-year compute deal with $AMD worth $9B, option to upsize to $16B >Implies $2.4M/MW annual rent >80-90% NOI margin >Assuming $11M/MW capex, deal worth $15/share (15x NOI) >Discloses exclusive LOI at Corsicana; @ similar terms could be worth ~ $50/share https://t.co/rGrQiqNp7a
@McnallieM
🚨 @RiotPlatforms 's Rockdale Campus: $9.8B Contracted, 391 MW Total Potential 🚨 ⚡ $520M average annual revenue — combined across @AMD ($63.6M) and the frontier AI lab ($457M) leases, at current contracted capacity ⚡ $416-462M average annual NOI — implying an 80-90% NOI https://t.co/C6UxVdPvd7