🚨 RIOT IS MAKING A BIG SHIFT FROM BITCOIN TO AI
Riot is reportedly generating more profit per MW from AI hosting than Bitcoin mining.
Its new $9.1B AI deal, reportedly involving Anthropic, could deliver margins around 3× higher than mining, with a 20-year lease covering 191 MW and about $455M in annual revenue.
That’s roughly an 80–90% margin, compared with around 30% from Bitcoin mining in Q2.
With its AMD lease included, Riot has now secured nearly $9.8B across 241 MW.
The company also sold about 4,300 BTC in Q2 to help fund its AI data-center expansion.
Bitcoin miners are increasingly becoming AI infrastructure plays.
Riot is reportedly generating more profit per MW from AI hosting than Bitcoin mining.
Its new $9.1B AI deal, reportedly involving Anthropic, could deliver margins around 3× higher than mining, with a 20-year lease covering 191 MW and about $455M in annual revenue.
That’s roughly an 80–90% margin, compared with around 30% from Bitcoin mining in Q2.
With its AMD lease included, Riot has now secured nearly $9.8B across 241 MW.
The company also sold about 4,300 BTC in Q2 to help fund its AI data-center expansion.
Bitcoin miners are increasingly becoming AI infrastructure plays.