Anthropic has signed a $9.1 billion, 20-year lease with bitcoin miner Riot Platforms for 191 megawatts of AI computing capacity at Riot’s Rockdale, Texas campus, running through June 2048. Riot will phase the buildout, targeting 96 megawatts by December 2027 and full capacity by June 2028, supported by a $573 million interim financing facility from Morgan Stanley as it secures longer-term credit. The agreement boosts Riot’s contracted capacity to 241 megawatts and about $9.8 billion in long-term revenue, sent its stock up more than 25% after hours, and continues Anthropic’s push to secure massive computing deals worldwide.
This update represents a notable development in the Ai sector. Organizations and founders tracking this space should evaluate potential strategic and technical implications on their operations.