Anthropic Signs $9.1B Deal With Bitcoin Miner Riot Platforms

Key Insights

• Anthropic secured a $9.1B compute deal with Bitcoin miner Riot Platforms.
• Riot will supply 191 MW from its Rockdale, Texas, campus.
• Two extensions could lift the contract’s value to $16.1B.

Anthropic struck a 20-year, $9.1 billion compute agreement with Riot Platforms on Aug. 10. Riot will supply 191 megawatts from its Rockdale, Texas, campus to support Anthropic’s artificial intelligence operations. Bloomberg reported the customer identity, while Riot disclosed the lease without naming Anthropic.

The agreement showed how Bitcoin mining infrastructure continued moving toward artificial intelligence workloads. Riot had already expanded into data center leasing through an agreement with Advanced Micro Devices. The new contract gave that strategy a longer revenue horizon.

Anthropic Deal Gives Riot A New Revenue Stream

Riot disclosed the lease on Aug. 10 through its second-quarter results package. Bloomberg reported that Anthropic was the unnamed “leading frontier AI” company referenced by Riot. The agreement will run through June 2048, Bloomberg reported.

The contract covered 191 MW of critical computing capacity at Rockdale. Riot expected the agreement to generate $9.1 billion in revenue over its initial term. Two five-year extension options could raise total sales to $16.1 billion, according to Barron’s.