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Riot Platforms signs a $9 billion AI compute agreement with Anthropic, marking a definitive pivot from Bitcoin mining to hosted AI infrastructure.

Validates the economic superiority of AI hosting over crypto mining and accelerates industry-wide capacity conversion.
Trade pressSlicast · August 16, 2026 at 11:30 UTC · US · Source: The Motley Fool
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Anthropic
In-depth analysis
CommentaryAnthropic IPO Filing, September 2026: $518 Billion in AI Infrastructure Commitments, Largely Non-CancelableCommentaryWhy Anthropic Needs a 1-Gigawatt Direct Lease From Apollo Even With $517 Billion in Cloud Commitments
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Riot Platforms signs a $9 billion AI compute… · Slicast