Riot Platforms Secures $9.1 Billion AI Deal with Anthropic, Shifting Focus from Bitcoin Mining
Riot Platforms has signed a significant $9.1 billion deal with Anthropic, marking a strategic pivot from traditional Bitcoin mining to AI infrastructure. This long-term agreement includes a data center lease that will enhance Riot's capabilities in high-performance computing. Analysts predict an 80% upside for Riot as AI colocation now dominates its enterprise value.
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Riot’s Anthropic Deal Shows Bitcoin Miners Are Moving Deeper Into AI Compute
Riot Platforms has signed a long-term data center lease agreement tied to Anthropic, giving the Bitcoin miner another route into AI and high-performance computing as miners continue looking beyond block rewards.
Riot is dumping its Bitcoin to fund a $9.1B AI deal that won’t pay rent until 2027
The Bitcoin miner’s construction budget includes continued treasury sales before phased rent is expected in 2027 and 2028. The post Riot is dumping its Bitcoin to fund a $9.1B AI deal that won’t pay rent until 2027 appeared first on CryptoSlate .
‘Clear scale up path’: Bernstein sees 80% upside for Riot after reported $9.1 billion Anthropic deal
The firm's analysts estimate AI colocation now accounts for 84% of Riot's target enterprise value, versus 11% for bitcoin mining.
Riot Platforms surges 20% in pre-market trading on $9.1 billion Anthropic deal
The bitcoin miner’s 20-year agreement highlights an industry-wide shift toward AI infrastructure revenue.
Anthropic strikes $9B compute deal with Bitcoin miner Riot: Report
Anthropic reportedly struck a $9 billion deal with Riot for 191 megawatts of capacity from the Bitcoin miner’s Rockdale campus in Texas.
Riot Platforms signs $9.1B AI deal reportedly with Anthropic
Riot Platforms signed a $9.1B Texas data center lease for 191 MW, with Bloomberg identifying Anthropic as the unnamed frontier AI tenant.
Anthropic Strikes $9 Billion Cloud Deal With Riot Platforms
Anthropic PBC has struck a $9.1 billion deal with Riot Platforms Inc., a Bitcoin mining company that recently began selling AI data center capacity, people familiar with the matter said, underscoring the Claude maker’s efforts to secure enough computing to meet its customers’ demand.