Deal grants Anthropic 191 megawatts of power capacity from Riot’s Texas campus for 20 years, expanding AI infrastructure partnerships.
Anthropic agreed to a $9 billion deal with Bitcoin miner Riot Platforms for 191 megawatts of power capacity at Riot’s Rockdale, Texas, campus. The 20-year agreement targets AI compute needs amid a broader industry shift toward high-performance data center partnerships.
Riot, the world’s fourth-largest Bitcoin miner with a $7.33 billion market cap, follows peers like TeraWulf and Core Scientific in pivoting to AI infrastructure. Anthropic previously signed a $19 billion data center lease with TeraWulf in July, reflecting rising demand for power-intensive AI operations.
Riot shares fell 5.4% on Monday but rebounded over 21% in overnight trading, outperforming the broader market with a 53% year-to-date gain. Analysts cite power constraints as a key driver for AI-miner collaborations.