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08/11/2026

Riot Platforms Surges 25% After-Hours on $9.1B AI Data Center Deal, Reportedly With Anthropic

What happened: Riot Platforms announced a $9.

Riot Platforms Surges 25% After-Hours on $9.1B AI Data Center Deal, Reportedly With Anthropic

What happened: Riot Platforms announced a $9.1 billion, 20-year lease agreement at its Rockdale, Texas campus, providing 191 megawatts of IT capacity to a "leading frontier AI lab"—widely reported by Bloomberg as Anthropic, though not officially confirmed. The deal includes two five-year extension options, potentially raising the contract value to $16.1 billion. Riot secured $573 million in interim financing from Morgan Stanley, and its stock jumped 25% after-hours to $24.30.

Why it matters: This is one of the largest AI infrastructure deals to date, reflecting surging demand for data center capacity from AI labs. If Anthropic is confirmed as the counterparty, the deal would add to its aggressive US expansion, complementing other multi-hundred-megawatt projects. For Riot, the pivot from pure crypto mining to AI infrastructure leasing could reshape its long-term business model and revenue streams.

Source: The Block