Anthropic has signed a $9.1 billion deal with Riot Platforms to lease 191 megawatts of computing capacity at Riot’s Rockdale, Texas campus over 20 years, beginning in August 2026 [1, 2, 3, 4]. The term runs through June 2048 and includes two options to extend by five years each, potentially boosting the contract's total value to $16.1 billion [1, 3, 4].
The lease covers enough power capacity to supply roughly 143,000 homes simultaneously, highlighting the scale of Riot’s facilities converted for AI workloads [1, 3, 4]. Riot Platforms is transforming from a bitcoin mining firm into an AI infrastructure provider by leasing data center capacity to companies like Anthropic [1, 3, 4]. This shift responds to growing grid-connected power and data center demand driven by artificial intelligence expansion [4].
Riot also has an agreement with Advanced Micro Devices to supply computing power, making its Rockdale campus a multi-tenant AI data center. [1, 3, 4] Analyst Michael Donovan said, "Riot now has a 'two-tenant campus carrying $9.8 [billion] of contracted data center revenue.'" [4]
Anthropic has secured multiple large-scale computing deals recently, including agreements valued at nearly $45 billion with Elon Musk’s xAI in May 2026 and $10 billion with Volta Infra [1, 3].
Following the announcement of the Riot deal, Riot Platforms shares initially surged over 20% before closing up about 25% at $24.40 in late trading [1, 3, 4].
Riot Platforms disclosed the deal on August 10, 2026. The contract marks a major step in Riot’s strategic pivot toward supporting AI infrastructure needs through its Rockdale campus [1, 3].
