0
0
News

Anthropic Signs Huge Data Center Deal With Bitcoin Miner Riot Platforms

A big data center lease just sent Riot Platforms shares soaring, after Bloomberg named the undisclosed tenant as Anthropic.
0
0
Aug 11, 2026 • 1 min read

Riot Platforms disclosed a 20-year, $9.1 billion data center lease this week for 191 megawatts of capacity at its Rockdale, Texas campus, leaving the client unnamed. Bloomberg reported hours later, citing "people familiar with the matter," that the mystery partner is Anthropic, the powerhouse behind the Claude AI models.

What's the Scoop?

  • The numbers: The deal could reach $16.1B if two five-year extensions are exercised, with delivery phased in through June 2028 and backed by $573M in interim financing from Morgan Stanley.
  • Market reaction: Investors liked it. RIOT shares, which had been trading lower most of Monday, jumped over 25% within hours of the Anthropic report breaking.
  • Second major tenant: Anthropic joins AMD as Riot's second big data center customer, pushing its total contracted AI capacity to 241 MW and roughly $9.8B in combined revenue.
  • Mixed quarter: The news landed alongside Riot's Q2 results, which showed revenue up 14% year-over-year to $174.2M, but a $237.2M net loss versus a year-ago profit.

Not financial or tax advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here.

Published in Bankless

There’s a revolution in the world of money. Ethereum, Bitcoin, crypto, open finance, DeFi—a bankless revolution. And you want part of it.