Riot leases 191 megawatts to Anthropic in $9 billion deal
Bitcoin miner Riot Platform agreed to lease 191 megawatts at its Rockdale, Texas campus to AI developer Anthropic in a 20-year compute deal expected to generate $9.1 billion, rising to about $16.1 billion if extended for two additional five-year periods. The contract follows Riot's existing agreement with AMD and brings the campus to roughly $9.8 billion of contracted data center revenue, according to a Compass Point analyst. The deal highlights a broader industry shift from bitcoin production toward AI infrastructure as compute demand and grid-connected power become scarcer.
Deal will generate $9.1 billion over 20 years
Context
Crypto prices fell and miners faced tighter margins. Some miners began offering power and space to AI providers. ERCOT may slow new power projects, which could raise the value of approved capacity.
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