Anthropic strikes $9B compute deal with Bitcoin miner Riot: Report

Anthropic has reportedly agreed to a $9 billion deal with Bitcoin miner Riot Platforms for 191 megawatts of capacity at its Rockdale campus in Texas, according to a press release on Monday. The agreement, valued at roughly $9 billion, was confirmed by Riot Platforms in a press release on Monday, citing sources familiar with the matter. Cointelegraph has reached out to both Anthropic and Riot for comment.

This deal follows Anthropic's July 6 announcement of a $19 billion deal for a 20-year data center lease with another Bitcoin miner, TeraWulf. The expansion into AI and high-performance computing is becoming increasingly common among Bitcoin miners, with companies such as Bitdeer, CleanSpark, MARA Holdings, Core Scientific, Hut 8, and IREN also venturing into these fields.

Riot's shares experienced a decline of 5.4% on Monday, but rose over 21% in overnight trading, bringing the stock to a 53% increase year-to-date, as per Yahoo Finance data.

Riot Platforms is currently the world's fourth-largest Bitcoin mining company, boasting a market capitalization of $7.33 billion, according to CompaniesMarketCap data. Bernstein noted in a July 23 report shared with Cointelegraph that collaborations between AI companies and Bitcoin miners are essential to tackle the power crunch affecting AI data centers.