Riot Platforms jumps on $9.1 billion Anthropic data center deal
+4.33% to $20.24 from $19.40
What moved RIOT
- Anthropic agreed to a 20-year lease for 191 megawatts of IT capacity at Riot’s Rockdale, Texas campus, valued at $9.1 billion, with staged deployment reaching full capacity by June 2028.
- Two five-year extension options could raise the total value of the contract to $16.1 billion.
- Riot arranged a $573 million interim financing facility through Morgan Stanley to fund the project’s early construction phase.
- The agreement is Anthropic’s third major compute procurement in three months, bringing its total related commitments to more than $60 billion as it competes with OpenAI and Google for computing capacity.
Sources: Bloomberg · BigGo Finance · Yahoo Finance · TradingKey