Bitcoin Miner Riot Stock Jumps 24% After $9.1B Anthropic AI Deal
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Anthropic agreed to pay Riot Platforms $9.1 billion over 20 years for computing capacity at the miner's Rockdale, Texas campus, signaling a major infrastructure partnership. The report sent Riot shares up 24% after-hours and highlights crypto mining firms diversifying into AI compute revenue, which could boost miner funding, adoption and market impact.
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Anthropic has agreed to pay Riot Platforms $9.1 billion over 20 years for computing capacity at the miner’s Rockdale, Texas campus, according to people familiar with the matter who spoke to Bloomberg on Monday.
Riot’s stock jumped 24% in after-hours trading following the report, a sharp reversal after shares had already closed the regular session down more than 5%.
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