Riot Platforms Inks $9.1B Deal with Anthropic to Repurpose Data Centers for AI

Riot Platforms, a major Bitcoin miner, has entered into a 20-year agreement with Anthropic to lease out its Rockdale campus in Texas for AI computing workloads. The deal is valued at $9.1 billion and will provide Anthropic with 191 megawatts of computing capacity.

This marks a significant shift for Riot Platforms, which has traditionally focused on Bitcoin mining. By diversifying into AI data centers, the company aims to stabilize its revenue streams and capitalize on the growing demand for AI infrastructure.

The agreement reflects a broader trend in the industry, as cryptocurrency miners seek more stable and long-term contracts with technology firms. Anthropic's commitment to 191 MW of capacity provides Riot with a predictable revenue base over two decades.