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Riot Inks 20-Year, 191 MW Anthropic Rockdale Lease
Riot Platforms reported Q2 2026 revenue of $174.2 million and completed the initial 25 megawatts of AMD deployment, while signing a 20-year lease for 191 MW of data-center capacity at Rockdale with a frontier AI lab, bringing contracted capacity to 241 MW and potential revenue up to $16.1 billion with extensions. The 191 MW lease is expected to generate about $9.1 billion over the initial term, with full deployment planned by mid-2028, supported by interim financing and ongoing expansion alongside the AMD agreement and bitcoin mining operations.
73 sources
Photo: Brett Sayles / Wikimedia Commons (Pexels)
River AI Raises $1.1B for Open-Weight AI Full Stack
River AI has raised about $1.1 billion in seed and Series A funding led by General Catalyst and AMP PBC, with strategic investment from NVIDIA and AMD Ventures, and is aiming to create AI that belongs to users rather than labs. Its River API enables LoRA fine-tuning and reinforcement learning on frontier open-weight models, allowing developers to train and deploy personal, continually improving AI while highlighting a multi-billion-dollar valuation in coverage of the round.

Facts from Wikidata (CC0).

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Photo: Ank Kumar / Wikimedia Commons (CC BY-SA 4.0)

Danica Pension Buys New AMD Stake Worth $38M

Danica Pension Livsforsikringsaktieselskab disclosed new investments in five companies in the first quarter, taking new positions in AMD, McDonald’s, GE Vernova, Amgen, and Accenture. The moves occur amid broader institutional activity in these stocks as other investors adjust their holdings.

Photo: NVIDIA — Wikimedia Commons / Wikimedia Commons

AMD-Anthropic to Deploy Up to 2 GW AI Compute

AMD and Anthropic unveiled a deal worth up to $5 billion in equity from AMD in exchange for tens of billions of dollars of AMD’s AI server chips, enabling as much as 2 gigawatts of compute capacity with the first gigawatt online in the first half of 2027. The partnership aims to diversify Anthropic’s compute away from Nvidia and Google TPUs, intensifying AI infrastructure competition as AMD positions itself as a significant supplier alongside other cloud providers and partners.

Advanced Micro Devices, Inc. (AMD) is an American multinational semiconductor company headquartered in Santa Clara, California. It develops central processing units (CPUs), graphics processing units (GPUs), field-programmable gate arrays (FPGAs), system-on-chips (SoCs), and high-performance computer components. AMD serves a wide range of business and consumer markets, including personal computers (PCs), gaming, data centers, and embedded systems.

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