Buy 1080 BTC to purchase land and build a factory! Mining company Riot makes a bold bet on Texas, with stock price soaring 16.2%1 On January 17, cryptocurrency mining company Riot Platforms announced a major move: they sold 1080 Bitcoins, raising $96 million in cash, and directly acquired 200 acres of land in Rockdale, Texas. Not only that, but they also signed a partnership agreement with chip giant AMD to jointly build a data center on this land, initially deploying 25 MW of "critical IT load capacity." This move is considered "a double win": on one hand, buying land with BTC locks in long-term mining physical space; on the other hand, tying the supply chain with AMD effectively insures the expansion of computing power. The market responded strongly—once the news broke, Riot's stock (ticker RIOT) on NASDAQ jumped directly to $18.80, a 11% increase in the past 24 hours, with a maximum single-day increase of 16.2%. Even more attractive is that this 10-year agreement between Riot and AMD is expected to generate $311 million in revenue during the initial phase. If three five-year renewal contracts are executed, the total scale could even reach $1 billion. In the current environment of intense competition over computing power and costs in the Bitcoin mining industry, this "buy land + bind core suppliers" heavy-asset approach undoubtedly gives the industry a strong boost. #Gate广场创作者新春激励 $BTC $ETH $SOL