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$AMD is signing a 10-year data center lease and services agreement with $RIOT at the Rockdale, Texas site
The agreement covers an initial 25 MW of critical IT load, delivered in phases starting in January 2026 and completing in May 2026
The base contract value is approximately $311M over the initial term for the 25 MW
In addition, $AMD has:
▪ An option to expand by 75 MW
▪ A right of first refusal for an additional 100 MW
This brings the total potential footprint to 200 MW at Rockdale if fully exercised
There are also three five-year extension options, which could push total expected contract revenue to roughly $1.0B if fully exercised, allowing $AMD to retain the capacity longer if it remains strategic