AI company Anthropic has signed a roughly $9 billion deal with Bitcoin miner Riot Platforms to supply 191 megawatts of capacity from its Rockdale, Texas campus for 20 years. The deal marks Riot’s entry into the AI and high-performance computing sector, joining other Bitcoin miners such as Bitdeer, CleanSpark, MARA Holdings and Core Scientific that have already diversified into this space. Riot’s stock fell 5.4% on Monday before rising more than 21% in after-hours trading. With a market capitalization of $7.33 billion, Riot ranks as the world’s fourth-largest Bitcoin miner.
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