Riot Platforms Goes Big on AI with $9.1 Billion Anthropic Lease

Riot Platforms (NasdaqCM: RIOT) has made a significant shift in its business by signing a US$9.1 billion, 20-year AI lease agreement with Anthropic at its Rockdale campus.

The deal marks a major expansion of Riot's operations beyond Bitcoin mining and positions the company as a long-term AI infrastructure landlord.

Riot will dedicate 191 megawatts of critical IT capacity to Anthropic over 20 years, anchoring its data center segment with a single large tenant alongside ongoing bitcoin mining.

The agreement addresses concerns about data center expansion lacking major leases and demonstrates Riot's ability to flex its secured power and data center assets between mining and AI workloads.