⛏️ Riot Platforms buys land with BTC and partners with AMD
Riot Platforms - one of the largest publicly traded Bitcoin miners - bought a piece of land in Texas using 1080 BTC, planning a new Bitcoin mining data center.
📍 Key points:
▪️ The land was bought with BTC, not fiat - a bold signal of confidence in their own asset.
▪️ Riot signed a strategic agreement with AMD - for equipment and support for the new facility.
▪️ The site is in Texas - a state known for cheap energy and mining-friendly regulations.
💡 Why this matters:
• Hashrate growth - more mining capacity → stronger Bitcoin network security.
• BTC used as capital - Riot is reinvesting its bitcoin into expansion.
• AMD partnership can accelerate deployment and improve operational efficiency.
💁This isn’t just another facility - it’s a capital shift from BTC holdings into real infrastructure.
$BTC
