Anthropic strikes $9B compute deal with Bitcoin miner Riot: Report
Bitcoin miner Riot Platforms said it secured a 20-year agreement to supply 191 megawatts of capacity from its Rockdale, Texas, campus to a “leading frontier AI” company, according to a Monday press release.
The customer is Anthropic and the deal is valued at about $9 billion, Bloomberg reported Monday, citing people familiar with the matter.
Cointelegraph has approached Anthropic and Riot for comment.
Anthropic also struck a $19 billion deal for a 20-year data center lease with Bitcoin miner TeraWulf on July 6.
The reported agreement would add Riot to a growing list of Bitcoin miners expanding into AI and high-performance computing, including Bitdeer, CleanSpark, MARA Holdings, Core Scientific, Hut 8 and IREN.
Riot’s shares fell 5.4% on Monday but rose more than 21% in overnight trading. The stock is up more than 53% year–to–date, according to Yahoo Finance data.
Riot ranks as the world’s fourth-largest Bitcoin mining company with a $7.33 billion market capitalization, according to CompaniesMarketCap data.
Bernstein said in a July 23 report shared with Cointelegraph that partnerships between AI companies and Bitcoin miners are necessary to address the power crunch constraining AI data centers.
Magazine: How Bitcoin mining heat is being tested to warm Canadian greenhouses
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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