Riot Platforms shares surged 15.8% following first quarter results, as the company announced AMD's immediate expansion to a 50-megawatt lease and provided detailed visibility into scaled, high-margin data center revenue commitments. The market responded positively to Riot's progress securing institutional partners and executing phased, capital-disciplined growth without share dilution.

• AMD officially expanded its contracted Rockdale data center footprint from 25MW to 50MW; initial 5MW delivered on schedule, remaining 20MW slated for May 2026, additional 25MW delivered in phases through May 2027.
• Total contracted lease revenue from AMD now stands at $636 million over the primary 10-year term, with an average annual NOI of $51 million.
• Riot’s capital discipline enabled funding these expansions entirely via operating cash flow and disciplined Bitcoin sales, with no new equity issued.
• Riot’s enhanced 168MW Corsicana building design increases campus capacity, targeting AI and HPC tenants with high-density, flexible configurations.
• AMD retains incremental options for up to 150MW of further Rockdale expansion, establishing a de-risked, scalable pipeline for Riot's data center operations.