Anthropic Lands $9.1 Billion Cloud Deal with Riot Platforms

A significant deal has been struck between Anthropic PBC and Riot Platforms Inc., a Bitcoin mining company. Under this agreement, Riot will provide Anthropic with access to its Rockdale, Texas campus's 191 megawatts of capacity in exchange for $9.1 billion. This partnership is part of Anthropic's efforts to secure sufficient computing power to meet the demands of its customers.

The deal between Anthropic and Riot was revealed earlier on Monday through a 20-year agreement that will supply AI data center capacity to a 'leading frontier AI' company, which has been identified as Anthropic. This arrangement underscores the growing importance of computing power in the development of artificial intelligence technologies.