{"slug": "anthropic-strikes-us-9-billion-cloud-deal-with-riot-platforms", "title": "Anthropic strikes US$9 billion cloud deal with Riot Platforms", "summary": "Anthropic has struck a US$9.1 billion deal with Riot Platforms, a Bitcoin mining company, to secure 191 megawatts of computing capacity from its Rockdale, Texas, campus over a 20-year term. The agreement, disclosed on Monday, is expected to generate US$9.1 billion in revenue for Riot, with options to extend the contract up to US$16.1 billion in total sales. Riot's shares jumped 25% to US$24.40 on the news, highlighting Anthropic's efforts to meet customer demand for its Claude AI tools.", "body_md": "# Anthropic strikes US$9 billion cloud deal with Riot Platforms\n\nThe move underscores the Claude maker’s efforts to secure enough computing to meet its customers’ demand\n\n[SAN FRANCISCO] Anthropic has struck a US$9.1 billion deal with Riot Platforms, a Bitcoin mining company that recently began selling artificial intelligence data centre capacity, people familiar with the matter said.\n\nThe move underscores the Claude maker’s efforts to [secure enough computing to meet its customers’ demand](https://www.businesstimes.com.sg/companies-markets/anthropic-signs-computing-deal-spacex-meet-ai-demand).\n\nRiot disclosed earlier on Monday (Aug 10) that it had secured a 20-year deal to supply 191 megawatts of computing – enough to power roughly 143,000 homes at any given moment – from its Rockdale, Texas, campus to a “leading frontier AI” company.\n\nThat company is Anthropic, the people said, asking not to be identified discussing private information.\n\nRiot declined to comment. Anthropic did not respond to a request for comment.\n\nRiot’s shares jumped 25 per cent to US$24.40 in late trading on news of the deal with Anthropic.\n\nAnthropic has inked several deals with AI cloud computing suppliers in recent months to help shore up its computing needs after struggling to keep up with customer demand for AI tools.\n\nThe developer recently signed a [US$10 billion deal](https://www.businesstimes.com.sg/startups-tech/technology/anthropic-inks-us10-billion-computing-deal-new-cloud-startup) with a months-old infrastructure startup, Volta Infra, and agreed to buy nearly US$45 billion worth of computing from Elon Musk’s xAI in May.\n\nRiot Platforms said earlier on Monday that the agreement with the AI developer runs through June 2048 and that it expects the contract to generate US$9.1 billion in revenue.\n\nThe deal also includes an option to extend the contract twice, by five years each, translating into as much as US$16.1 billion in total sales.\n\nRiot, once a maker of diagnostic machinery for the biotech industry operating under the name of Bioptix before dramatically shifting to Bitcoin mining, is one of several crypto firms now moving into cloud computing to capitalise on the AI boom.\n\nThe developer has announced a separate deal with Advanced Micro Devices to build computing.\n\nRiot beat on sales in the second quarter in part because of its data centre business. BLOOMBERG\n\nDecoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.\n\nShare with us your feedback on BT's products and services\n\n[TRENDING NOW](/pulse?ref=trending-now)\n\nFirm loses wrongful dismissal case despite following termination clause\n\nStocks to watch: UOB Kay Hian, ST Engineering, NetLink NBN, Ho Bee Land, F&N, Concord New Energy\n\nYeoh Pei Xien: YTL’s third-gen scion with a pastor’s heart\n\nSingapore raises 2026 growth forecast to 4.5-5.5%; Q2 growth revised up to 5.9%", "url": "https://wpnews.pro/news/anthropic-strikes-us-9-billion-cloud-deal-with-riot-platforms", "canonical_source": "https://www.businesstimes.com.sg/companies-markets/anthropic-strikes-us9-billion-cloud-deal-riot-platforms", "published_at": "2026-08-11 01:58:03+00:00", "updated_at": "2026-08-11 02:05:01.064151+00:00", "lang": "en", "topics": ["artificial-intelligence", "ai-infrastructure", "ai-products"], "entities": ["Anthropic", "Riot Platforms", "Claude", "Volta Infra", "xAI", "Elon Musk", "Advanced Micro Devices", "Rockdale"], "alternates": {"html": "https://wpnews.pro/news/anthropic-strikes-us-9-billion-cloud-deal-with-riot-platforms", "markdown": "https://wpnews.pro/news/anthropic-strikes-us-9-billion-cloud-deal-with-riot-platforms.md", "text": "https://wpnews.pro/news/anthropic-strikes-us-9-billion-cloud-deal-with-riot-platforms.txt", "jsonld": "https://wpnews.pro/news/anthropic-strikes-us-9-billion-cloud-deal-with-riot-platforms.jsonld"}}