AMD Inks $1B Deal as Crypto Firm Unloads $100M Bitcoin for Rockdale Infrastructure
A crypto firm sold $100M in Bitcoin to acquire a 200-acre Rockdale site, subsequently signing a $1B leasing agreement with AMD for AI infrastructure.
A massive $100 million Bitcoin sale just paved the way for a $1 billion windfall. One crypto player is trading its digital gold for dirt and silicon, landing a major partnership with AMD in the process.
The Massive $1B AMD Leasing Deal and Bitcoin Sale
In a strategic pivot that highlights the growing convergence of crypto and AI, an undisclosed crypto company sold nearly $100 million worth of Bitcoin. According to reports from Reuters, the proceeds were used to fund the purchase of a 200-acre site in Rockdale, Texas. This physical expansion wasn't just for mining; it was the foundation for a massive deal with Advanced Micro Devices (AMD).
Transforming Digital Assets into AI Infrastructure
The company didn't just buy land; they secured a future. The leasing agreement with AMD is expected to deliver $1 billion in revenue over the term of the contract. AMD plans to utilize the site's power capacity and cooling infrastructure to house its next-generation AI training clusters, marking a significant win for the crypto firm's diversification strategy.
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