Bitcoin miner Riot's shares jump 8% after expanding AMD data center deal, signaling AI pivot

Bitcoin miner Riot's shares jump 8% after expanding AMD data center deal, signaling AI pivot

Search/NewsVideoPricesResearchConsensus 2026Data & IndicesSponsoredSearch/enMarketsShareShare this articleCopy linkX iconX (Twitter)LinkedInFacebookEmailBitcoin miner Riot's shares jump 8% after expanding AMD data center deal, signaling AI pivotAMD’s expansion and improved financing terms highlight Riot’s shift beyond bitcoin mining and strengthen confidence in its growing data center business.By James Van Straten|Edited by Aoyon Ashraf May 1, 2026, 8:59 p.m. 2 min readMake preferred on What to know: AMD doubled its capacity at Riot’s Texas site to 50MW, with an option to expand to 150MW total, a deal expected to generate about $636 million over 10 years.Riot secured better credit terms, lowering its rate to 6.15% and reducing pledged BTC collateral, a sign of growing lender confidence in its non-mining business.Shares are up 8% on Friday. Riot Platforms (RIOT) shares jumped about 8% on

Source: https://www.coindesk.com/markets/2026/05/01/bitcoin-miner-riot-s-shares-jump-8-after-expanding-amd-data-center-deal-signaling-ai-pivot