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Key takeaways
- 1AMD doubled capacity at Riot's Texas site to 50MW with option to expand to 150MW, potentially generating $636 million over 10 years.
- 2Riot secured improved credit terms, reducing borrowing rate to 6.15% from 8.3% and releasing 1,544 BTC collateral.
- 3Riot's shares jumped 8% on Friday as company pivots from bitcoin mining to AI data center hosting business.
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Why it matters
This signals institutional confidence in crypto infrastructure companies transitioning beyond mining into AI computing, a trend affecting valuation multiples for Indian investors holding crypto-related stocks. India's growing AI sector makes such infrastructure plays increasingly relevant to local market sentiment on digital assets.
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