Anthropic just cut a $9 billion compute deal with Bitcoin miner Riot Platforms.
Riot will supply 191 megawatts from its Texas campus for 20 years. This follows Anthropic’s $19 billion, 20-year data center lease with TeraWulf in July.
AI companies are power-starved. Bitcoin miners have that power, and they’re selling it. This is a structural shift for miners: a new revenue stream beyond just Bitcoin, insulating them from BTC price volatility.
Riot shares fell 5.4% Monday, then surged over 21% overnight.
$BTC
Riot will supply 191 megawatts from its Texas campus for 20 years. This follows Anthropic’s $19 billion, 20-year data center lease with TeraWulf in July.
AI companies are power-starved. Bitcoin miners have that power, and they’re selling it. This is a structural shift for miners: a new revenue stream beyond just Bitcoin, insulating them from BTC price volatility.
Riot shares fell 5.4% Monday, then surged over 21% overnight.
$BTC