Riot Platforms expands into AI data centers as AMD confirms 10-year infrastructure expansion at Riot facilities

AMD plans to double its capacity at Riot Platforms' data centers as part of a 10-year AI infrastructure expansion, signaling AI-related demand alongside Riot's bitcoin mining operations.

Bernstein analysts recently assigned outperform ratings to Riot, citing the company's access to power-rich data center hubs as a key advantage for AI workloads (compute-intensive processing).

Riot's stock traded at $23.67 and has gained 67.2% year to date and 167.8% over the past year, with the stock up 30.7% over the last 30 days following the AMD announcement.