{"slug": "anthropic-secures-9-1b-power-deal-with-riot-platforms-for-ai-infrastructure-in", "title": "Anthropic secures $9.1B power deal with Riot Platforms for AI infrastructure in Texas", "summary": "Anthropic, the AI company behind Claude, has signed a 20-year, $9.1 billion deal with Riot Platforms for 191 megawatts of data-center capacity at Riot's Rockdale, Texas campus, with options for two five-year extensions that could raise the total to $16.1 billion. The first 96 MW is expected operational by end of 2027, with full deployment by June 2028. Riot's stock surged about 25% in after-hours trading after Anthropic was identified as the counterparty, and the deal marks Riot's second major AI infrastructure lease in 2026, following a January contract with AMD for 50 MW, bringing Riot's total AI-related commitments to roughly 241 MW and about $9.8 billion in contracted revenue.", "body_md": "Via pitchbook.com\n\n# Anthropic secures $9.1B power deal with Riot Platforms for AI infrastructure in Texas\n\nThe 20-year agreement transforms a Bitcoin mining giant into one of the largest AI data center landlords in the country.\n\nAnthropic, the AI company behind Claude, just locked in a 20-year deal worth $9.1 billion with Riot Platforms for 191 megawatts of data-center capacity at Riot’s Rockdale, Texas campus. The contract includes options for two five-year extensions that could push the total value to $16.1 billion.\n\n## What the deal actually looks like\n\nThe first phase of the buildout will deliver 96 MW of capacity, expected to be operational by the end of 2027. Full deployment of all 191 MW is slated for June 2028.\n\nFor Riot, this is the company’s second major AI infrastructure lease in 2026, following a January contract with AMD for an additional 50 MW at the same Texas site. Combined, Riot has now committed roughly 241 MW to AI-related leases, translating to approximately $9.8 billion in contracted revenue.\n\nRiot’s stock responded accordingly. Shares surged around 25% in after-hours trading once Anthropic was publicly identified as the counterparty. Prior announcements had only referenced an unnamed partner.\n\n## Why Bitcoin miners are becoming AI landlords\n\nBitcoin mining revenue fluctuates with the price of Bitcoin and the halving cycle, which cuts miner rewards roughly every four years. AI infrastructure leases, by contrast, offer predictable, long-duration cash flows. A 20-year contract with a well-funded counterparty like Anthropic provides the kind of revenue visibility that crypto mining simply cannot.\n\n## The bigger picture for AI infrastructure\n\nFor the broader crypto mining industry, Riot’s trajectory may serve as a template. Companies like Core Scientific have already inked similar deals. The $9.8 billion in contracted AI revenue that Riot has accumulated in just two deals suggests the market is pricing these companies not as crypto plays, but as energy infrastructure businesses.\n\nThe risk is execution. Building out high-density AI data centers requires different engineering than Bitcoin mining facilities, with more demanding cooling requirements and higher redundancy standards. Riot will need to deliver on those standards by the end of 2027 to capture the first tranche of revenue.\n\n**Disclosure:** This article was edited by Editorial Team. For more information on how we create and review content, see our\n\n[Editorial Policy](https://cryptobriefing.com/editorial-policy/).", "url": "https://wpnews.pro/news/anthropic-secures-9-1b-power-deal-with-riot-platforms-for-ai-infrastructure-in", "canonical_source": "https://cryptobriefing.com/anthropic-riot-platforms-9b-ai-power-deal/", "published_at": "2026-08-11 11:54:32+00:00", "updated_at": "2026-08-11 12:21:23.717558+00:00", "lang": "en", "topics": ["artificial-intelligence", "ai-infrastructure", "ai-products"], "entities": ["Anthropic", "Riot Platforms", "AMD", "Claude", "Rockdale, Texas"], "alternates": {"html": "https://wpnews.pro/news/anthropic-secures-9-1b-power-deal-with-riot-platforms-for-ai-infrastructure-in", "markdown": "https://wpnews.pro/news/anthropic-secures-9-1b-power-deal-with-riot-platforms-for-ai-infrastructure-in.md", "text": "https://wpnews.pro/news/anthropic-secures-9-1b-power-deal-with-riot-platforms-for-ai-infrastructure-in.txt", "jsonld": "https://wpnews.pro/news/anthropic-secures-9-1b-power-deal-with-riot-platforms-for-ai-infrastructure-in.jsonld"}}