StocksMediumUpdated•Originally published 5 November 2026•Updated 5 November 2026•
1 min read
Riot Platforms Secures $28B Financing Deal with Anthropic for AI Pivot
Key Facts
1Riot Platforms could pay 12% interest to Anthropic under a $28 billion financing agreement for data centers.
2Riot has sold most of its bitcoin holdings to fund its strategic shift into AI data centers.
Riot Platforms could pay 12% interest to Anthropic under a $28 billion financing agreement for data centers. CoinDesk reported that the company has sold most of its bitcoin holdings to fund its strategic shift into AI data center infrastructure.
Riot Platforms expects an average annual rent of $1.8 billion over a 15-year term for the expansion of its Corsicana campus in Texas. The company aims to reach a total capacity of 910 megawatts at the facility, arriving in phases through July 2028, with the structure allowing Anthropic to finance the build-out in exchange for rent deductions.