Riot Platforms Signs $9.1B AI Infrastructure Deal with Anthropic

Key Facts

In a move reflecting the strategic pivot of crypto miners toward high-performance computing, Riot Platforms has secured a massive $9.1 billion infrastructure deal. Under this 20-year contract, the company will supply 191 megawatts of power to AI lab Anthropic at its Texas facility. This partnership aims to leverage Riot's existing power capacity for AI workloads, diversifying its business model away from pure-play Bitcoin mining toward high-demand data center services.

According to Bernstein analysts, AI colocation now accounts for an estimated 84% of Riot's target enterprise value, signaling a fundamental shift in how the market values the company. This transition comes as major tech groups increasingly seek rapidly available power capacity. Per market data and sector reports, Riot joins other industry players like TeraWulf and IREN in monetizing computing infrastructure beyond digital asset production.

Looking ahead, analysts expect the agreement to generate significant cumulative net operating income over the initial contract period. On the macroeconomic front, investors are monitoring upcoming U.S. Initial Jobless Claims on August 6, 2026, which may influence broader market sentiment for tech and infrastructure stocks, noting that specific price levels for Riot are currently unavailable.