Mining stocks performed remarkably on Friday, with leading mining company Riot Platforms announcing a major move—an agreement with AMD for a 10-year data center strategic partnership. The initial contract revenue from this agreement is at least $311 million, and if fully expanded later, the total scale could surpass $1 billion.

To support this expansion plan, Riot also announced the sale of 1,080 Bitcoins to raise funds, securing $96 million. The funds were allocated to a key asset—purchasing approximately 200 acres of land in the Rockdale area of Texas. Even more noteworthy is that the capacity plan for this area reaches 700MW. What does this number mean? In the current competitive landscape of mining, such capacity layout is enough to attract industry attention.

From the scale of the cooperation agreement, financing, land reserves, to capacity expansion, these series of actions reflect a clear increase in top mining companies' emphasis on computing power competition.