Riot shares rise 25% following a reported $9.1 billion agreement to supply AI data center capacity to Anthropic.
Riot Platforms (RIOT) stock climbed 25% after securing a $9.1 billion deal to provide AI data center capacity to Anthropic PBC (ANTHRO). The agreement marks a shift for the Bitcoin miner into high-demand AI infrastructure.
Earlier on Monday, Riot disclosed it had entered the AI sector, though details of the contract were not initially released. The deal surpasses prior revenue expectations for the company’s data center segment.
Shares reacted sharply to the news, reflecting investor optimism about Riot’s expansion beyond cryptocurrency mining.