Riot Platforms signs $9B AI compute deal with Anthropic, shifts from Bitcoin mining

https://stockstotrade.com/news/riot-platforms-inc-riot-news-2026_03_05/ Riot Platforms has signed a substantial $9 billion compute agreement with Anthropic, a well-known AI company. This 20-year contract involves 191 megawatts of compute capacity from Riot’s Rockdale, Texas facility. The deal exemplifies Riot’s strategic shift towards AI data-center infrastructure, a move away from its traditional focus on Bitcoin mining. This development follows an earlier agreement with AMD, bringing Riot’s contracted data-center revenue at Rockdale to approximately $9.8 billion. For Anthropic, this partnership is a significant addition to its expanding compute capabilities in the competitive AI landscape. Key Takeaways Market activity suggests that the $9 billion deal with Anthropic is perceived as supportive of increasing Anthropic’s valuation. The agreement is consistent with Riot’s strategic pivot from Bitcoin mining to AI data-center infrastructure, potentially impacting its stock valuation. The market appears to reflect strong demand for AI capabilities, which may influence the perception of value in both Riot and Anthropic. What to Watch Watch for further announcements from Anthropic regar...