Riot Platforms has agreed to a 191MW, 20-year lease with AI company Anthropic valued at approximately $9.1 billion, according to reports. The deal marks one of the largest single colocation agreements in the industry's history by total contract value. Anthropic, which has been aggressively expanding its compute infrastructure, would use the capacity to support large-scale AI model training and inference workloads.
A $9.1 billion, 20-year commitment signals the scale at which frontier AI labs are now locking in dedicated infrastructure, setting a new benchmark for long-term colocation deals. It also represents a significant revenue anchor for Riot Platforms as it pivots from Bitcoin mining toward AI and high-performance compute hosting.
Named companies Riot Platforms and Anthropic, a specific dollar figure of $9.1 billion, and a 191MW capacity figure triggered selection. The contract value and duration rank this above other market stories in this run.