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Aug 11, 2026

Anthropic signs $9.1B, 20-year data center deal with Bitcoin miner Riot Platforms

AI company Anthropic has agreed to lease 191 megawatts of computing capacity from Riot Platforms' Rockdale, Texas campus under a 20-year contract worth $9.1 billion, with potential expansion to $16.1 billion. Riot's stock surged 25% on the news as the Bitcoin miner pivots toward AI infrastructure.

Aug 11, 2026·9 sources
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Top claims

  • ▪Riot Platforms' Rockdale, Texas campus has 700 megawatts of developed, energized power capacity that the company intends to convert entirely toward high-density computing tenants over time.
  • ▪Morgan Stanley provided Riot Platforms with a $573 million interim financing facility to fund early development costs of the Rockdale expansion while final financing is progressed.
  • ▪Riot Platforms projects that the base term of the Anthropic agreement will generate between $7.3 billion and $8.2 billion in cumulative net operating income.

Topics

Bitcoin miningAI infrastructureAI compute & environmental impact

Related entities

Texas
Rockdale

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