Anthropic Strikes $9 Billion Compute Power Deal with Riot — Bloomberg

cryptonews.ruPublished on 2026-08-11Last updated on 2026-08-11

Abstract

Anthropic has entered into a 20-year deal worth approximately $9 billion with bitcoin miner Riot Platforms. According to Bloomberg, the agreement grants the AI developer access to 191 MW of computing power at Riot's facility in Rockdale, Texas. This follows another 20-year, $19 billion deal Anthropic made with bitcoin miner TeraWulf earlier in July. The partnerships are part of a trend of bitcoin mining companies, including Bitdeer, CleanSpark, and Core Scientific, expanding into the AI and high-performance computing sectors. Analysts suggest these alliances help address the electricity shortage hindering AI data center development. Riot's stock has risen over 53% year-to-date, and the company is the world's fourth-largest mining firm by market capitalization.

Mining company Riot Platforms has signed a 20-year agreement to provide 191 MW of power at its site in Rockdale, Texas, to a "leading developer of advanced AI," according to a press release published on Monday.

The client is Anthropic, and the deal is worth approximately $9 billion, Bloomberg reported on Monday, citing sources familiar with the matter.

Cointelegraph has requested comment from Anthropic and Riot.

Anthropic struck a $19 billion deal on July 6 for a 20-year data center lease with bitcoin miner TeraWulf.

The agreement adds to the list of bitcoin miners expanding their business into AI and high-performance computing. These include Bitdeer, CleanSpark, MARA Holdings, Core Scientific, Hut 8, and IREN.

On Monday, Riot's stock fell by 5.4%, but surged over 21% in after-hours trading. Year-to-date, the shares are up over 53%, according to Yahoo Finance data. Riot ranks as the world's fourth-largest mining company with a market capitalization of $7.33 billion, according to CompaniesMarketCap data. In a July report provided to Cointelegraph, Bernstein analysts indicated that partnerships between AI companies and bitcoin miners are necessary to address the electricity shortage hindering the development of AI data centers. Journal: How Bitcoin Mining Heat is Being Used to Warm Canadian GreenhousesAnthropic Strikes $9 Billion Compute Power Deal with Riot — Bloomberg

Related Questions

QWhich two companies have entered into a major AI compute capacity agreement according to the article?

AThe AI company Anthropic and the Bitcoin mining company Riot Platforms have entered into the agreement.

QWhat is the estimated total value and duration of the deal between Anthropic and Riot?

AThe deal is valued at approximately $9 billion and has a duration of 20 years.

QWhat specific resource is Riot Platforms providing to Anthropic at its Texas site?

ARiot Platforms is providing 191 megawatts (MW) of power capacity at its site in Rockdale, Texas.

QAccording to analysts from Bernstein cited in the article, why are partnerships between AI companies and Bitcoin miners necessary?

ASuch partnerships are needed to address the electricity supply deficit that is hindering the development of AI data centers.

QBesides Riot, name another Bitcoin mining company mentioned in the article that has recently signed a similar deal with Anthropic.

AAnother Bitcoin mining company that signed a similar 20-year deal with Anthropic, mentioned in the article, is TeraWulf.

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