The convergence of Bitcoin mining and high-performance computing (HPC) has reached a definitive turning point this week, as industry titans Riot Platforms and Galaxy Digital unveiled landmark infrastructure deals in Texas. In a move that sent Bitcoin mining stocks 2026 rallying, Riot Platforms confirmed a strategic partnership with semiconductor giant AMD, while Galaxy Digital secured regulatory approval to double its power capacity to over 1.6 gigawatts (GW). These developments signal the aggressive transition of industrial miners into diversified power and data infrastructure hubs.

Riot Platforms Partners with AMD in Billion-Dollar Lease Deal

On Friday, Riot Platforms (NASDAQ: RIOT) announced a transformative agreement with Advanced Micro Devices (AMD) to host high-density AI workloads at its Rockdale, Texas facility. The deal marks Riot’s first major hyperscale lease, validating its strategy to pivot surplus power capacity toward the booming AI and crypto mining convergence.

Under the terms of the agreement, Riot will initially provide 25 megawatts (MW) of critical IT load capacity to AMD, with the infrastructure expected to come online between January and May 2026. The initial 10-year contract is valued at approximately $311 million, but extension options and capacity rights could push the total contract value to nearly $1 billion. To facilitate this expansion, Riot also completed the $96 million acquisition of 200 acres of land at the Rockdale site—previously held under a ground lease—funding the purchase entirely through the sale of 1,080 Bitcoin from its balance sheet.

Unlocking High-Performance Computing Value

This partnership is more than a landlord-tenant relationship; it represents a fundamental shift in industrial Bitcoin mining economics. By securing AMD as a tenant, Riot is leveraging its massive power infrastructure to generate stable, long-term revenue streams that are less volatile than crypto mining.

"This agreement firmly establishes Rockdale as a leading data center development opportunity," said Jason Les, CEO of Riot Platforms. The market responded instantly, with RIOT shares jumping over 13% following the announcement, reflecting investor appetite for miners successfully executing HPC data center infrastructure pivots.

Galaxy Digital Secures 1.6 GW Capacity for Texas Expansion

Parallel to Riot’s announcement, Galaxy Digital (TSX: GLXY) revealed a massive expansion of its own HPC data center infrastructure in West Texas. On Thursday, the company announced it had received approval from the Electric Reliability Council of Texas (ERCOT) for an additional 830 MW of capacity at its Helios campus, bringing the site's total approved capacity to over 1.6 GW.

This regulatory win positions Helios as one of the largest mining energy management and AI campuses in North America. The expansion is critical for Galaxy's broader strategy to host large-scale AI training models alongside its traditional mining operations. With construction already underway for its initial phase—anchored by a lease with CoreWeave—Galaxy is aggressively scaling to meet the insatiable energy demands of the AI sector.

  • Total Capacity: Increased to >1.6 GW
  • New Approval: 830 MW additional load
  • Strategic Focus: Hybrid AI/HPC and Bitcoin mining workloads

The Great Convergence: Mining 2.0 Arrives

The simultaneous moves by Riot and Galaxy underscore the defining trend of 2026: the metamorphosis of Bitcoin miners into energy infrastructure behemoths. As access to grid interconnection and power becomes the primary bottleneck for AI development, miners with established sites and power contracts are sitting on goldmines of a different sort.

For investors eyeing Bitcoin mining stocks 2026, the metric of success is shifting from pure hashrate to "power portfolio value." Companies capable of delivering energized racks for AMD, CoreWeave, and other hyperscalers are being re-rated not just as crypto plays, but as essential partners in the global AI supply chain.

"We are seeing the real-time repricing of power assets," noted industry analysts. "Miners who can pivot to HPC are effectively becoming the utilities of the digital age." With Riot's Riot Platforms AMD partnership and Galaxy's Galaxy Digital Texas expansion now confirmed, the race to secure gigawatt-scale capacity in Texas has officially entered a new gear.