Crypto Miners Bet Big on AI Infrastructure

Riot Platforms signed a 20-year deal worth $9.1 billion to provide data-center capacity for a major AI company, Anthropic.

This agreement will give Riot a new business line built around electricity, which is the same resource that powers its Bitcoin mining operations.

The miner's attraction to AI infrastructure is clear: it offers a different revenue stream tied to long-term computing demand, and existing assets can be repurposed for high-performance computing.