Riot Platforms announced a 15-year lease agreement for its Corsicana, Texas campus to Anthropic, according to social media reports. The deal, valued at approximately $28 billion, covers the entire 910-megawatt site spanning 332 acres. The agreement marks a strategic pivot for Riot as it moves away from Bitcoin mining and toward AI data-center infrastructure. Although Riot’s filing did not identify Anthropic as the tenant, the company already signed a separate 20-year lease with Anthropic at another location. Investors will watch for confirmation from both companies and for the agreement’s impact on Anthropic’s valuation and the market’s response to Riot’s strategic shift.
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