Riot Platforms Signs $9.1 Billion AI Data Center Deal with Anthropic, Stock Surges 25%
Core Summary Bitcoin mining company Riot Platforms has announced a $9.1 billion AI data center supply contract with artificial intelligence company Anthropic. Following the announcement, the company’s stock surged 25% in after-hours trading. The deal includes two five-year extension options that could raise the potential contract value to $16.1 billion, marking another milestone in the cryptocurrency mining industry’s transition to AI infrastructure. Event Details According to The Block, Riot Platforms reached this massive deal with Anthropic, the developer of the Claude series of large language models. Under the contract terms, Riot will leverage its large-scale data center facilities in the United States to provide computing power support for AI model training and inference needed by Anthropic. ...