Anthropic and Bitcoin Miner Riot Platforms Sign $9.1 Billion Compute Agreement, Locking in 20-Year Supply

TechFlow News, August 11, according to Bloomberg, Anthropic has reached a long-term computing power purchase agreement worth $9.1 billion with Bitcoin mining company Riot Platforms.

According to the agreement, Riot will provide 191 megawatts of computing capacity to Anthropic from its Rockdale campus in Texas, with a contract term of up to 20 years. The supplied computing power is equivalent to powering approximately 143,000 households simultaneously. Riot had previously publicly disclosed signing a power supply agreement for "a certain leading frontier AI company," and according to insiders, the company is Anthropic.