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…
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