Riot Platforms strikes deal with Anthropic as bitcoin miners shift focus to AI infrastructure

Cnbc · Aug 11, 2026 · 444 words · By Tanaya Macheel

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What to know about Riot Platforms strikes deal with Anthropic as bitcoin miners shift focus to AI infrastructure

Bitcoin miner Riot Platform has struck a $9 billion, 20-year compute deal with Anthropic, CNBC's David Faber has confirmed.

Claims checked 10

Techniques found 0

Topics 0

Coverage spectrum

Coverage gap: Low Left coverage

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Center100%

Right0%

5 sources compared across this story cluster. This is an eFinder estimate from indexed source coverage, not an editorial rating.

What happened

Bitcoin miner Riot Platform has struck a $9 billion, 20-year compute deal with Anthropic, CNBC's David Faber has confirmed.

Why it matters

The agreement would lease 191 megawatts at Riot's Rockdale, Texas computer campus, giving Anthropic access to scarce, grid-connected power as demand surges for computing power that can be used to provide artificial intelligence – and transitioning Riot from…

Common ground

Shares initially soared more than 20% in reaction before giving up almost the entire gain.

Perspective signals

No major persuasion pattern has been attached yet, so the source, headline, and evidence should carry most of the weight for readers.

Follow-up questions

What concrete event or decision sits underneath the headline: Riot Platforms strikes deal with Anthropic as bitcoin miners shift focus to AI infrastructure?
What evidence would most clearly confirm or weaken the claim that Riot now has a "two-tenant campus carrying $9.8 [billion] of contracted data center revenue," Compass Point analyst Michael Donovan said in a note Tuesday?
What happens next if the deal stalls, and who has the power to restart talks?

open_in_new Read the original article: https://www.cnbc.com/2026/08/11/riot-platforms-signs-anthropic-deal-as-miners-sh…

fact_checkClaims Checked

eFinder analyzed this article and checked 10 claims against available evidence, cross-references, web search, and Wikipedia. Here is what the fact-checking layer found.

check_circle Corroborated 8

help Insufficient Evidence 2

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Claim 1: “Riot now has a "two-tenant campus carrying $9.8 [billion] of contracted data center revenue," Compass Point analyst Michael Donovan said in a note Tuesday.”

CORROBORATED

Two separate sources quote Compass Point analyst Michael Donovan stating that Riot now has a 'two-tenant campus carrying $9.8 billion of contracted data center revenue.'

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web search NEUTRAL — Riot Platforms has signed a long-term computing power agreement with AI startup Anthropic, allocating 191 megawatts of c.CNBC reported the contract runs for 20 years and is expected to generate about …
https://bingx.com/en/flash-news/post/riot-platforms-signs-ye…

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web search NEUTRAL — The Anthropic deal alone is expected to generate $9.1 billion in revenue over 20 years. It follows Riot's earlier deal with AMD, giving the Rockdale site what Compass Point analyst Michael Donovan cal…
https://finance.yahoo.com/technology/ai/articles/riot-platfo…

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web search NEUTRAL — Riot already had an agreement with Advanced Micro Devices at the same campus. Compass Point analyst Michael Donovan wrote in a note on Tuesday that Riot now has a “two-tenant campus carrying $9.8 bill…
https://www.compsmag.com/news/riot-platforms-strikes-9-1-bil…

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Claim 2: “the Electric Reliability Council of Texas, known as ERCOT, scrutinizes new power projects”

INSUFFICIENT EVIDENCE

While ERCOT is a known entity, the provided evidence gathered for this specific set of claims contains no information regarding their scrutiny of new power projects.

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Claim 3: “Shares initially soared more than 20% in reaction before giving up almost the entire gain.”

CORROBORATED

Web results confirm that Riot Platforms shares surged more than 20% (some citing 25%) in reaction to the announcement before stabilizing.

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wikipedia NEUTRAL — The following is a list of events of the year 2025 in artificial intelligence.
https://en.wikipedia.org/wiki/2025_in_artificial_intelligenc…

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wikipedia NEUTRAL — Jaeson Ma (simplified Chinese: 马正远; traditional Chinese: 馬正遠; pinyin: Mǎ Zhèngyuǎn; born Jason Cheng Yuen Ma; November 11, 1980) is an American entrepreneur, media executive, and venture capitalist. H…
https://en.wikipedia.org/wiki/Jaeson_Ma

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wikipedia NEUTRAL — TeraWulf Inc. is an American bitcoin mining company. Founded in 2021 and publicly listed on Nasdaq under the ticker WULF, it operates mining facilities in New York and Pennsylvania.
https://en.wikipedia.org/wiki/TeraWulf

+ 3 more evidence sources

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Claim 4: “The agreement would lease 191 megawatts at Riot's Rockdale, Texas computer campus”

CORROBORATED

Multiple sources explicitly state the agreement involves leasing 191 megawatts of capacity at Riot's Rockdale, Texas campus.

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wikipedia NEUTRAL — Artificial intelligence (AI) is the capability of computational systems to perform tasks typically associated with human intelligence, such as learning, reasoning, problem-solving, perception, and dec…
https://en.wikipedia.org/wiki/Artificial_intelligence

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web search NEUTRAL — Anthropic has agreed to take 191 megawatts of critical IT capacity at Riot Platforms' Rockdale, Texas, campus, in a 20-y.
https://bingx.com/en/flash-news/post/riot-platforms-signs-ye…

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web search NEUTRAL — Riot Platforms has agreed a 20-year lease worth $9.1 billion for 191MW of capacity at its data center campus in Rockdale, Texas, in a deal Bloomberg reported involves Anthropic, citing people familiar…
https://www.irecruit.co/insights/riot-signs-20-year-191mw-le…

+ 1 more evidence source

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Claim 5: “It follows Riot's existing agreement with Advanced Micro Devices”

CORROBORATED

Multiple sources mention that this deal follows an existing agreement Riot had with Advanced Micro Devices (AMD) at the same campus.

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web search NEUTRAL — Riot Games. Developer of League of Legends, VALORANT, Teamfight Tactics, Legends of Runeterra, and Wild Rift. Creators of Arcane. Home of LOL and VALORANT Esports.
https://www.riotgames.com/

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web search NEUTRAL — Find information on penalties, appeal options, and how to report disruptive behavior. We're here to help. Still have questions? We got your back. Tag in our agents for personalized problem-solving. We…
https://support.riotgames.com/en-us/riot/

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web search NEUTRAL — Bitcoin mining is an operational strength for Riot. Our facilities in Texas and Kentucky deliver one of the most advanced mining networks in the industry, leveraging a robust power portfolio, operatio…
https://www.riotplatforms.com/

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Claim 6: “Cipher Mining, Hut 8 and Terawulf are among what has become known as the hybrid bitcoin miners.”

CORROBORATED

Web search results identify Cipher Mining, Hut 8, and TeraWulf as 'hybrid miners' who are pivoting to AI infrastructure.

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web search NEUTRAL — Companies like Cipher Mining, Hut 8, and TeraWulf are noted as hybrid miners, while Riot, historically seen as a pure-play operator, is now being evaluated based on its power capacity from its Anthrop…
https://cryptonews.com/news/bitcoin-mining-news-riot-platfor…

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web search NEUTRAL — Why Bitcoin Miners Are Suddenly AI Infrastructure. The thesis driving both names is straightforward: miners already control scarce, energization-ready power, and AI hyperscalers may pay a premium to s…
https://247wallst.com/investing/2026/05/06/hut-8-surges-35-r…

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web search NEUTRAL — Seven listed bitcoin miners have signed $140bn of AI contracts. TeraWulf earns 71% of revenue from leases.Which bitcoin miners are pivoting to AI? Seven listed companies have converted, or are convert…
https://chipsentiment.com/analysis/bitcoin-miners-ai-data-ce…

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Claim 7: “rising to roughly $16.1 billion if the agreement is extended for two additional five-year periods.”

CORROBORATED

Multiple sources confirm that two optional five-year extensions could increase the total contract value to approximately $16.1 billion.

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wikipedia NEUTRAL — The following is a list of events of the year 2025 in artificial intelligence.
https://en.wikipedia.org/wiki/2025_in_artificial_intelligenc…

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+ 3 more evidence sources

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Claim 8: “The agreement is expected to generate $9.1 billion in revenue over its 20-year term”

CORROBORATED

Multiple sources consistently report the projected revenue as $9.1 billion over a 20-year term.

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wikipedia NEUTRAL — The following is a list of events of the year 2025 in artificial intelligence.
https://en.wikipedia.org/wiki/2025_in_artificial_intelligenc…

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wikipedia NEUTRAL — The following is a list of events of the year 2026 in the United States, as well as predicted and scheduled events that have not yet occurred. July 4, 2026 was the 250th anniversary of the signing of …
https://en.wikipedia.org/wiki/2026_in_the_United_States

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+ 3 more evidence sources

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Claim 9: “Bitcoin miner Riot Platform has struck a $9 billion, 20-year compute deal with Anthropic”

CORROBORATED

Multiple independent web sources confirm that Riot Platforms entered into a 20-year compute deal with Anthropic, with values cited around $9.1 billion.

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wikipedia NEUTRAL — The following is a list of events of the year 2025 in artificial intelligence.
https://en.wikipedia.org/wiki/2025_in_artificial_intelligenc…

+ 3 more evidence sources

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Claim 10: “Riot, along with Mara Holdings and CleanSpark, have largely remained the pure-play miners of the sector.”

INSUFFICIENT EVIDENCE

No evidence was found in the provided search results to confirm whether Mara Holdings and CleanSpark are considered 'pure-play' miners in contrast to the hybrid miners.

info Disclaimer: This analysis is generated by AI and should be used as a starting point for critical thinking, not as definitive truth. Claims are verified against publicly available sources. Always consult the original article and additional sources for complete context.