Anthropic strikes US$9 billion cloud deal with Riot Platforms
The move underscores the Claude maker’s efforts to secure enough computing to meet its customers’ demand
Anthropic, a leading AI company, has signed a substantial cloud computing agreement with Riot Platforms, a once biotech-focused Bitcoin mining firm. The deal, valued at US$9.1 billion, will provide Anthropic with the necessary computing power to fulfill its customers' demand for AI tools. Riot disclosed the 20-year contract on August 10, agreeing to supply 191 megawatts of computing capacity at its Rockdale, Texas campus.
This power output is sufficient to meet the energy needs of approximately 143,000 homes simultaneously. The agreement between Anthropic and Riot Platforms is set to run through June 2048, with an option to extend the contract twice, potentially generating up to US$16.1 billion in total revenue.
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Also reported by 2 other outlets
- Anthropic strikes $9B compute deal with Bitcoin miner Riot: Report cointelegraph.com
- Anthropic strikes $9.1b deal with Riot, sources say techinasia.com
