Anthropic and Riot Platforms Sign $9.1 Billion AI Computing Agreement

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Anthropic and Riot Platforms announced a $9.1 billion AI computing deal, marking a major development in AI and crypto news. The 20-year contract includes 191 MW of computing power from Riot’s Rockdale, Texas facility, with potential extensions raising the total value to $16.1 billion. Riot’s stock rose 25% in after-hours trading. The company is transitioning to AI and cloud infrastructure and has partnered with AMD for compute infrastructure development.

According to Bloomberg, Anthropic has entered into a $9.1 billion AI computing agreement with Riot Platforms, under which Riot Platforms will provide 191 MW of computing power at its Rockdale, Texas facility over a 20-year contract term. Riot Platforms expects this contract to generate $9.1 billion in revenue, with total potential revenue reaching up to $16.1 billion if extension options are exercised. Following the announcement, Riot Platforms’ stock rose 25% after hours to $24.40. Previously, Anthropic signed a $9.1 billion contract with Volta Infra Holdings and agreed in May to purchase $45 billion in computing power from xAI. Riot Platforms is transitioning into the AI and cloud infrastructure business and has also entered into an agreement with AMD for computing infrastructure development.

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