Riot Platforms (NASDAQ:RIOT) closed at $19.23, up 16.05%, after securing a long-term data center lease with AMD and purchasing land in Rockdale. Trading volume hit 53.4 million shares, 172% above its average. The S&P 500 slipped 0.07% to 6,939, while peers Mara Holdings and Hut 8 rose.

Riot bought 200 acres of land in Texas for $96 million, funded by Bitcoin. A 10-year data center lease with AMD was signed for up to 200 megawatts, worth $311 million, potentially growing to $1 billion if all options are exercised. Positive market response for Riot and similar miners.

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Read more at Yahoo Finance: Riot Platforms Surges After Securing AMD Data Center Lease