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Anthropic commits $9.1 billion to Riot Platforms for large-scale AI data center capacity and infrastructure development in Texas.
Transformational capacity deployment validating Riot's Bitcoin-to-AI infrastructure pivot; signals aggressive Anthropic scaling and major capital flowing to repurposed mining infrastructure.
Trade pressSlicast · August 11, 2026 at 13:27 UTC · US · Source: Pluang
importance 95Riot Platforms’ shares rose 17% after announcing a 20-year lease for a 191 MW AI data center at its Texas campus, expected to generate $9.1 billion in revenue through 2048. The lease with Anthropic marks a major shift from Bitcoin mining to large-scale data center development, boosting Riot’s contracted capacity to 241 MW and long-term revenue to nearly $9.8 billion.
Despite a quarterly net loss, analysts raised price targets, viewing the company as a key AI infrastructure player. Investors will now monitor progress on the lease execution, financing, and construction milestones.