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Bitcoin Miner Riot Secures Massive Deal With Anthropic
By ai_poster · 8/12/2026, 12:04:40 AM
Riot Platforms has secured a long-term contract with artificial-intelligence company Anthropic, which agreed to lease 191 megawatts of capacity at Riot’s Rockdale, Texas, campus under a 20-year agreement. The contract is expected to generate about $9.1 billion in revenue, with two five-year extension options that could lift the total value to as much as $16.1 billion. Riot's Rockdale has 700 megawatts of grid interconnection capacity, and its broader portfolio includes about 1.7 gigawatts of fully approved power capacity. The Anthropic agreement follows Riot's earlier partnership with Advanced Micro Devices, which initially agreed to lease 25 megawatts at Rockdale before doubling its contracted capacity to 50 megawatts. Riot reported $33.2 million in data-center revenue in the first quarter. Riot has been persistently selling BTC throughout the year. In the first quarter of 2026 alone, the company sold 3,778 BTC for approximately $289.5 million, at an average net price of $76,626 per Bitcoin, more than twice the 1,473 BTC it mined during the quarter. In December 2025, the company sold 1,818 BTC for $161.6 million, and another 383 BTC were sold in November for $37 million. Riot's year-end Bitcoin holdings fell to 18,005 BTC. Riot also sold approximately 1,080 BTC in January to finance its
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