Anthropic leases $28B data center capacity from Riot Platforms, which sold 20,264 BTC over nine months to fund its AI infrastructure pivot.
Macro & Markets ·
Anthropic has signed a $28 billion data center lease agreement with Riot Platforms, marking a significant commitment to AI infrastructure capacity. The deal reflects growing demand from major AI developers for dedicated computing resources to support large-scale model training and deployment.
To fund its transition toward AI-focused data center operations, Riot Platforms liquidated 20,264 bitcoin over a nine-month period from January through September, generating approximately $1.5 billion in proceeds. This divestment signals the company's strategic shift away from cryptocurrency mining toward serving the infrastructure needs of AI companies.
The transaction's full terms, including deployment timeline, geographic location of facilities, and specific performance requirements, have not been disclosed. It remains unclear whether additional partnerships of this scale are under negotiation or how Riot's remaining bitcoin holdings factor into its longer-term capital strategy.