Foley & Lardner LLP represented Riot Platforms, Inc. (NASDAQ: RIOT), a Bitcoin-driven industry leader in the development of large-scale data centers and bitcoin mining applications, on its recent acquisition of approximately 200 acres in Rockdale, Texas, for total consideration of just under $100 million. The land acquisition was part of a series of transformative transactions that establish Riot’s data center business, with Foley also representing Riot in negotiations for a data center lease with Advanced Micro Devices, Inc. (NASDAQ: AMD).
These transactions represent a major milestone in Riot’s strategic growth into high-performance computing (HPC) data centers. The Rockdale acquisition significantly expands Riot’s operational footprint, bringing Riot’s total data center platform to approximately 1,100 acres and 1.7 GW of available power, and advances its initiative to develop premier infrastructure for next-generation data and AI-driven workloads. The addition of AMD as Riot’s first third-party data-center tenant validates the company’s strategic vision and demonstrates growing market demand for scalable, power-rich data center solutions in Texas and beyond.
Following the land acquisition, Riot executed a data center lease with AMD with a total expected contract value of approximately $1 billion. The AMD agreement, which initially provides for 25 MW of critical IT load capacity and is expandable up to 200 MW, is an anchor commitment that validates Riot’s data center business and positions the Rockdale Site as a foundational campus for third-party HPC and AI customers. The Rockdale facility itself is capable of expansion up to 700 MW of gross power, making it one of the larger operational data center sites available.
Foley advised Riot through all aspects of the land acquisition and data center lease. Partner and co-head of Foley’s Data Center & Digital Infrastructure team Daniel Farris led the team advising Riot with support from real estate partner Tyler Johnson, senior counsel Rachel Conrad, and associate Max Atchity.
“This transaction underscores Foley’s capabilities and proven track record in executing complex data center and digital infrastructure, real estate, and technology transactions,” Farris said. “We were honored to help Riot establish itself as a major player in the AI hyperscale and HPC space, and to play a part in bringing an anchor tenant like AMD to the Rockdale campus.”
Foley’s Data Centers & Digital Infrastructure team provides end‑to‑end support for data center developments, from site selection and energy procurement to construction, leasing, and ongoing operations. The team advises hyperscalers, operators, and investors on complex digital infrastructure projects nationwide, including power‑intensive AI and HPC deployments. This deep, multidisciplinary experience positions Foley to guide clients through every stage of the data center lifecycle.