Riot Pivots to AI Infra with $9B Anthropic Compute Deal
Riot Platforms struck a 20-year, $9.1 billion compute agreement with Anthropic to lease 191 MW at Riot’s Rockdale, Texas campus, moving from bitcoin mining to an AI infrastructure landlord model. The deal could rise to about $16.1 billion if extended by two five-year terms. The arrangement, alongside Riot’s AMD deal, highlights investors’ shift toward owning digital infrastructure amid AI demand and crypto volatility, though ERCOT scrutiny could affect near-term capacity expansion while tenant demand remains strong.
