Bitcoin Miner Riot Leases Power to AI in $9 Billion Deal

Riot Platforms, the world’s 4th largest Bitcoin miner, has signed a 20-year contract to supply 191 MW of power in Texas. Bloomberg reports that the client is Anthropic, with a deal valued at approximately $9 billion.

• Riot officially announced the contract but did not specify the client’s name
• Riot stock surged over 21% in after-hours trading after dropping 5.4%
• Anthropic previously leased $19 billion from miner TeraWulf on July 6
• MARA, CleanSpark, and Core Scientific are also shifting toward selling power to AI

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