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📊Bloomberg Technology•#hyperscalers #bitcoin-pivot•Feb 18, 2026Recentcollected in 17h

Starboard Pushes Riot's Data Center Pivot

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📊Read original on Bloomberg Technology

💡Bitcoin miner's data center pivot boosts AI hyperscaler infra supply chain

⚡ 30-Second TL;DR

What changed

Starboard Value pressures Riot Platforms for faster strategic pivot

Why it matters

Riot's pivot could expand AI-ready data center capacity amid hyperscaler demand boom. This supports AI infrastructure growth by repurposing mining power/GPU assets.

What to do next

Assess Riot Platforms' Q4 earnings for data center expansion timelines and hyperscaler deals.

Who should care:Enterprise & Security Teams

🧠 Deep Insight

Web-grounded analysis with 2 cited sources.

🔑 Key Takeaways

•Starboard Value, a significant shareholder, urged Riot Platforms to accelerate AI/HPC data center deals at its Corsicana and Rockdale sites, leveraging 1.7 GW of power capacity[1][2].
•Riot signed a data center agreement with AMD on January 16, 2026, for an initial 25 MW expandable to 200 MW at Rockdale, Texas, valued at up to $1B with $311M revenue over 10 years at 80% EBITDA margins; Starboard views it as a small proof of concept[1][2].
•Riot acquired additional land in Rockdale to expand beyond Bitcoin mining into high-performance computing for AI data centers[1].

🛠️ Technical Deep Dive

Riot's Rockdale facility: Initial 25 MW critical IT load, expandable to 200 MW for AMD high-performance computing[1][2].
Total power footprint: 1.7 GW across Corsicana and Rockdale sites in Texas, repurposed from Bitcoin mining for AI/HPC hosting[1][2].
AMD agreement: 10-year term generating $311M revenue at ~80% EBITDA margins, supporting GPU/high-performance compute for AI[1][2].

🔮 Future ImplicationsAI analysis grounded in cited sources

Riot's pivot could diversify from volatile Bitcoin mining to stable AI/HPC revenue, potentially unlocking $9B-$21B equity value if more hyperscaler deals materialize, but faces execution risks, competition from established data center operators, and dependency on AI demand growth[1][2].

⏳ Timeline

2026-01

Riot Platforms announces AMD data center agreement for 25 MW initial capacity at Rockdale, expandable to 200 MW

📎 Sources (2)

Factual claims are grounded in the sources below. Forward-looking analysis is AI-generated interpretation.

Activist investor Starboard Value is urging Riot Platforms to accelerate its transition from Bitcoin mining to a data center operator. The shift targets hosting hyperscaler tenants, capitalizing on demand from major cloud providers.

Key Points

1.Starboard Value pressures Riot Platforms for faster strategic pivot
2.Riot transitioning from Bitcoin mining operations
3.Target: data centers for hyperscaler tenants like AWS/Google

Impact Analysis

Riot's pivot could expand AI-ready data center capacity amid hyperscaler demand boom. This supports AI infrastructure growth by repurposing mining power/GPU assets.

#hyperscalers #bitcoin-pivotriot-platforms

📊Read original article on Bloomberg Technology

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Original source: Bloomberg Technology ↗