Riot Secures Record-Breaking $9.1 Billion Deal with Anthropic for AI Computing Capacity

Riot Platforms has secured a massive deal worth $9.1 billion over twenty years to supply 191 megawatts of computing capacity to an artificial intelligence laboratory in Texas.

The client behind this massive contract is reportedly Anthropic, according to Bloomberg. This agreement solidifies the trend of Bitcoin miners being sought after for their electricity as much as for their cryptocurrency production.

Riot's existing assets are highly valuable due to their powerful electrical connections, which aligns with a broader trend where AI contracts represent nearly $150 billion in value.