Anthropic Signs $9.1B AI Data Center Deal With Riot Platforms

Anthropic has reportedly signed a $9.1 billion long-term agreement with Riot Platforms (NASDAQ: RIOT) to secure large-scale AI computing capacity, marking another major investment by the Claude developer as demand for artificial intelligence infrastructure accelerates.

According to Bloomberg, citing people familiar with the matter, Anthropic is the previously undisclosed customer behind a data center agreement announced by Riot Platforms. Riot revealed the contract earlier Monday but did not initially identify the customer.

The agreement will provide Anthropic with 191 megawatts of computing capacity at Riot’s Rockdale, Texas, campus. The contract is scheduled to run through June 2048, giving the AI company access to significant computing infrastructure for more than two decades.

Riot expects the agreement to generate approximately $9.1 billion in revenue over its initial term. The contract also includes two optional five-year extensions that could increase total revenue to as much as $16.1 billion.

Investors reacted strongly to the announcement. Riot Platforms shares surged about 25% to $24.40 in late Monday trading after closing the regular session at $19.40, reflecting growing investor interest in the Bitcoin miner’s expansion into AI data center infrastructure.

The reported Anthropic-Riot deal comes as AI companies compete to secure the enormous amounts of computing power and electricity required to develop and operate advanced AI models. Bloomberg reported that Anthropic has pursued several major infrastructure agreements after facing challenges keeping up with rising demand for its Claude AI products.

Anthropic recently reached a $10 billion infrastructure agreement with Volta Infra Holdings. Bloomberg also reported that the company agreed in May to purchase nearly $45 billion in computing capacity from Elon Musk’s xAI.

For Riot Platforms, the Anthropic agreement represents another significant step in its diversification beyond Bitcoin mining. The company is seeking to capitalize on its existing power resources and data center assets as cryptocurrency miners increasingly explore opportunities in the rapidly expanding AI infrastructure market.

Riot also said Monday that its new data center agreement contributed to second-quarter revenue exceeding market expectations, reinforcing the potential financial impact of its shift toward AI computing services.