Bitcoin Miner Riot Secures 20-Year Deal Supplying 191 MW to Anthropic

TL;DR

• Riot secured a 20-year agreement to supply 191 megawatts from its Rockdale campus to a customer identified in reports as Anthropic, worth roughly $9.1 billion.
• Riot shares jumped about 24% after hours to $24.13 despite the company reporting a $237 million quarterly GAAP net loss.
• Riot mined 1,587 BTC during the quarter while expanding toward AI infrastructure, reflecting a broader shift among Bitcoin miners toward high-performance computing contracts globally.

Riot Platforms has secured a 20-year agreement to supply 191 megawatts of computing capacity from its Rockdale, Texas, campus to a customer identified in reports as Anthropic, with the contract valued at roughly $9.1 billion. Riot itself described the buyer only as a “leading frontier AI” company, while the identity came from people familiar with the matter. The striking part is how a Bitcoin mining site is being repositioned as long-duration infrastructure for artificial intelligence, turning power capacity once associated primarily with hashing into a contracted resource for frontier computing demand across a rapidly tightening market for data-center power in Texas today.

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