secwatch.observer — SEC 8-K summary
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Issuer:     Riot Platforms, Inc. (RIOT)
CIK:        0001167419
Form:       8-K
Filed at:   2026-01-16T23:59:59+00:00
Accession:  0001104659-26-004551
Event type: other_material
Sentiment:  positive
Materiality: 0.85
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Riot buys Rockdale land for $96M, signs 10-year data center lease with AMD for 25 MW
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- Fee-simple acquisition of 200 acres at Rockdale site for $96M, funded by selling ~1,080 bitcoin.
- Signed 10-year lease with AMD for 25 MW critical IT load; initial revenue ~$311M, potential $1.0B with extensions.
- Delivery phases Jan-May 2026; $89.8M retrofit capex; expected avg NOI ~$25M/year.
- Expansion options allow AMD to scale to 200 MW total capacity at Rockdale.
- Riot now owns/manages 1.1K acres & 1.7 GW power capacity across two Texas sites.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1167419/000110465926004551/0001104659-26-004551-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1167419/000110465926004551/riot-20260116x8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-004551

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer