Riot Platforms Lands $9.1 Billion Anthropic Compute Deal as Bitcoin Miner Pivots to AI
Riot Platforms disclosed a 20-year, 191 MW Rockdale compute agreement expected to generate about $9.1 billion through 2048, underscoring the shift of power-rich Bitcoin mining sites toward AI infrastructure.
Why it matters: Power-rich crypto infrastructure is becoming a strategic input for AI compute, creating a new monetization path for miners with large grid interconnections.
Riot Platforms has disclosed a long-term agreement covering 191 MW of compute capacity at its Rockdale, Texas campus. The deal is expected to generate about $9.1 billion through June 2048, with extension options that could increase the total. The development is a major step in Riot's transition from Bitcoin mining toward AI and high-performance-computing infrastructure. Rockdale has 700 MW of developed capacity, and Riot has already signed AMD for data-center capacity at the site. The key investor question is execution: the announced figure is long-term expected contract revenue, not an upfront payment.