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Anthropic Strikes $9 Billion Cloud Deal With Riot ($RIOT) Platforms

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Aug 11, 2026 · 01:10

Anthropic PBC has struck a $9.1 billion deal with Riot ($RIOT) Platforms, a crypto mining company that **sells AI data center capacity**.

The deal is for 191 megawatts of computing from Riot's Rockdale, Texas, campus to Anthropic, which is expected to generate $9.1 billion in revenue for Riot.

The agreement runs through **June 2048** and includes an option to extend the contract, potentially translating into as much as $16.1 billion in total sales for Riot.

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Bloomberg link is already behind the paywall.

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