Riot Platforms stock surged 57.3% in May 2026. This followed a partnership announcement with nuclear power developer Terrestrial Energy.
Both companies signed a Memorandum of Understanding to explore co-locating Integral Molten Salt Reactors (IMSR). These reactors will power Riot’s large-scale data centers.
The facilities support artificial intelligence (AI) and high-performance computing (HPC) applications. The collaboration aims to provide reliable, low-cost, and carbon-free energy.
The plan involves evaluating potential sites at Riot’s existing facilities in Texas and Kentucky. These locations would host the small modular reactors.
The non-binding partnership supports Riot’s expansion from Bitcoin mining into a broader digital infrastructure provider. Terrestrial Energy expects to commission its first reactors in the early 2030s.