Anthropic has entered a $9.1 billion, 20-year agreement with Bitcoin mining company Riot Platforms to secure AI data-centre capacity. The deal, announced on August 11, 2026, involves Riot providing 191 megawatts (MW) of computing capacity from its Texas data centres to support Anthropic's growing demand for generative AI services, according to livemint.com.
The agreement was finalized as AI companies intensify efforts to secure long-term computing infrastructure amid rising demand. Riot Platforms, known for its Bitcoin mining operations, will allocate significant power capacity to Anthropic’s AI cloud needs. Riot’s shares surged about 25% in after-hours trading to $24.40 following the announcement, reflecting market confidence in the partnership, livemint.com reported.
This deal underscores the increasing competition among AI firms to lock in reliable and scalable infrastructure. Anthropic’s move mirrors similar strategies by other AI companies to ensure uninterrupted access to data-centre resources, which are critical for training and deploying large-scale generative AI models. The 191 MW capacity commitment positions Anthropic to expand its AI cloud services substantially over two decades.
Riot Platforms’ provision of 191 MW of computing capacity marks one of the largest long-term infrastructure deals in the AI sector to date. The 20-year duration of the contract highlights the strategic importance of stable, high-capacity data-centre access for AI development and deployment, as detailed by livemint.com.