00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Bitcoin miner.
00:04Riot platforms struck a $9 billion 20-year compute agreement with Anthropic that will
00:09lease 191 megawatts at Riot's Rockdale, Texas campus, according to CNBC.
00:15The deal is expected to generate $9.1 billion in revenue over its initial term and roughly
00:20$16.1 billion if extended for two additional five-year periods.
00:25Riot shares initially jumped more than 20% before giving up nearly all of the gain.
00:30The agreement follows Riot's existing deal with advanced microdevices and marks a shift
00:34from Bitcoin mining toward AI infrastructure.
00:37Bitcoin miners have increasingly pursued AI computing deals as lower crypto prices, rising
00:43competition, and reduced mining incentives pressure profitability.
00:46For all things money, visit Benzinga.com.
Comments