Aug 28, 2026
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.
AI company Anthropic has agreed to a 20-year, $9.1 billion deal to lease 191 megawatts of computing capacity from Riot Platforms' Rockdale, Texas data center, with extension options potentially pushing the total value to $16.1 billion. The agreement marks a major pivot for the Bitcoin mining company into AI infrastructure.