Anthropic Signs $9.1B, 20-Year Data Center Deal With Bitcoin Miner Riot Platforms
Riot Platforms shares surge as much as 25% after Bloomberg reports the AI company will lease 191MW of Texas compute capacity through 2048.
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Summary, timeline and people extracted by Claude from 42 items across 5 sources · 12h ago. Quotes are verbatim.
Anthropic has agreed to a $9.1 billion, 20-year compute deal with Riot Platforms, a Bitcoin mining company that recently pivoted into selling AI data center capacity, according to people familiar with the matter cited by Bloomberg. The agreement covers 191 megawatts at Riot's Rockdale, Texas campus through June 2048, with extension options that could push total value to $16.1 billion, and sent Riot's stock up as much as 25% in after-hours and pre-market trading. The deal is the latest in Anthropic's aggressive push to lock down computing capacity, following prior infrastructure partnerships with Amazon, Google, SpaceX and AMD.
- Anthropic agreed to a $9.1 billion, 20-year deal with Riot Platforms for 191 megawatts of AI computing capacity at Riot's Rockdale, Texas campus, running through June 2048.
- Extension options could push the total value of the agreement to as much as $16.1 billion.
- Riot Platforms, a Bitcoin mining company that recently began selling AI data center capacity, saw its stock jump roughly 17-25% across after-hours and pre-market trading.
- The deal extends Anthropic's broader infrastructure buildout, which already includes partnerships with Amazon, Google, SpaceX, and AMD.
How it unfolded
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Yahoo Finance reported that other AI infrastructure-linked stocks, including IREN, Applied Digital, and TeraWulf, also rose following the Riot-Anthropic report.
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The Decoder placed the Riot agreement within Anthropic's wider infrastructure push, noting prior partners spanning Amazon, SpaceX, and Google.
“It's the latest in an aggressive infrastructure push that spans partners from Amazon to SpaceX to Google.”
Maximilian Schreiner · Press ↗ -
Dozens of crypto-focused and financial outlets (The Block, Cointelegraph, CoinDesk, Seeking Alpha, Quartz, and others) republished the deal details, with figures for Riot's stock jump ranging from 17% to 25%.
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Reaction Riot shares jump ~25% after-hours
Riot Platforms stock surged as much as 25% in after-hours trading following the report, before also rising in pre-market trading the next session.
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Reaction Deal terms circulate on social media
A Reddit post relayed the deal's specifics: 191 megawatts from Riot's Rockdale, Texas campus, a contract running through June 2048, and a possible extension worth up to $16.1 billion in total sales.
“The agreement runs through June 2048 and includes an option to extend the contract, potentially translating into as much as $16.1 billion in total sales for Riot.”
u/ArkanenCastle · r/wallstreetbets ↗ -
Bloomberg, citing people familiar with the matter, reported Anthropic struck a $9.1 billion deal with Riot Platforms to secure AI computing capacity.
“underscoring the Claude maker's efforts to secure enough computing to meet its customers' demand.”
Bloomberg · Press ↗
What people are saying verbatim
“underscoring the Claude maker's efforts to secure enough computing to meet its customers' demand.”
Bloomberg, news wire · Bloomberg ↗ · Aug 10
“The agreement runs through June 2048 and includes an option to extend the contract, potentially translating into as much as $16.1 billion in total sales for Riot.”
u/ArkanenCastle, Reddit poster · Reddit ↗ · Aug 10
“It's the latest in an aggressive infrastructure push that spans partners from Amazon to SpaceX to Google.”
Maximilian Schreiner, The Decoder reporter · The Decoder ↗ · Aug 10
“how about u eat my ASS I am a bot, and this action was performed automatically.”
AutoModerator, Reddit bot comment · Reddit ↗ · Aug 10