Anthropic has reached a $9.1 billion AI data center compute deal with Bitcoin miner Riot Platforms, according to people familiar with the matter as reported by Bloomberg. Riot will supply 191 megawatts of compute capacity to an AI developer at its Rockdale campus in Texas under a 20-year contract lasting until June 2048. The customer is Anthropic, sources said. Riot expects $9.1 billion in revenue from the contract, with two five-year renewal options that could lift the total value to $16.1 billion. Riot's stock rose 25% in after-hours trading to $24.40 on the news. The pact is part of Anthropic's recent string of large compute agreements, following a $10 billion deal with Volta Infra Holdings and a nearly $45 billion planned purchase from Elon Musk's xAI in May. Riot, formerly focused on Bitcoin mining, is among several crypto miners pivoting into AI and cloud infrastructure. The company also has a separate compute buildout agreement with AMD and said its data center business contributed to revenue growth in the second quarter.
According to people familiar with the matter, Anthropic has signed a $9.1 billion AI data center compute agreement with Bitcoin miner Riot Platforms. Bloomberg reported the news on August 11.
Riot said on Monday it will provide 191 megawatts of compute capacity to an AI developer at its Rockdale campus in Texas. The contract runs for 20 years, with revenue to Riot estimated at $9.1 billion. The customer is Anthropic, according to the people. Riot also holds two five-year extension options. If both are exercised, total revenue could reach $16.1 billion.
The contract is scheduled to run until June 2048. Riot shares jumped 25% in extended trading after the announcement, changing hands at $24.40.
Anthropic has been on a buying spree for compute capacity. The company earlier signed a $10 billion contract with infrastructure startup Volta Infra Holdings. In May, it agreed to buy nearly $45 billion of compute from Elon Musk's xAI. The deals are meant to ease pressure from rising demand from Claude users.
Riot has historically been a Bitcoin mining operation. Like a number of crypto miners, it is moving into AI and cloud computing infrastructure. The company also announced a separate compute buildout agreement with AMD. Data center revenue contributed to its second-quarter growth.
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