The transition of Riot Platforms from Bitcoin mining will be quickened following its 20-year deal for 191 megawatts of power in its Rockdale campus in Texas. Riot Platforms anticipates that the deal will yield about $9.1 billion before June 2048, and two five-year extension deals would bring the total potential
Riot Platforms signed a $9.1B Texas data center lease for 191 MW, with Bloomberg identifying Anthropic as the unnamed frontier AI tenant.
Riot's strategic pivot towards AI infrastructure highlights a growing trend of tech firms diversifying to capitalize on AI demand.
The deal includes two five-year extension options that could raise the potential contract value to $16.1 billion.
