Riot leases entire Corsicana campus to Anthropic for AI

Anthropic / Wikimedia Commons (Public domain) Riot Platforms has announced a 15-year lease agreement for its Corsicana, Texas campus to a leading AI company, reportedly Anthropic, according to social media reports. The deal, valued at approximately $28 billion, covers the entire 910 MW, 332-acre site and marks a significant pivot for Riot from Bitcoin mining to AI data-center infrastructure. While Riot’s filing did not confirm Anthropic as the tenant, the move suggests potential growth and investment opportunities for the AI firm. This lease comes amidst Riot’s ongoing strategic shift, including a separate 20-year lease with Anthropic at another location. Key Takeaways The lease of Riot’s Corsicana campus to Anthropic appears consistent with increased confidence in Anthropic’s growth and valuation. Market activity suggests participants are reevaluating Anthropic’s potential to reach significant valuation milestones by the end of the year. Riot’s strategic move into AI infrastructure could indicate a broader industry trend towards supporting AI development. What to Watch Observers will be keen to see if Riot or Anthropic confirm the details of the Corsicana lease and whether this im...