Riot Platforms (Provider) · Anthropic (Buyer)
- Value
- approximately $9.1B
- $16.1B with all options
- Capacity / term
- 191 MW · 20y
- $2.38M per MW-year
- First revenue
- 2027-12
Surfaced via the EDGAR watchlist hit on Riot's 8-K filed 2026-08-10 (accession 0001104659-26-093406), matched on "data center lease". Riot's pivot from Bitcoin mining to AI infrastructure lands its first named hyperscale-AI tenant; the stock rose roughly 17% on the news.
Conditions: 20-year Data Center Lease and Services Agreement at Riot's Rockdale, Texas campus, initial term through June 2048; two 5-year renewal options could extend total value to $16.1B (max_with_options_usd). Delivered in two phases: 96MW by December 2027, remaining 95MW by June 2028 (191MW total). Riot's own 8-K/earnings disclosure named only an unidentified 'leading frontier AI lab'; Bloomberg identified the tenant as Anthropic on 2026-08-11. Riot separately arranged a $573M interim construction financing facility via Morgan Stanley to build out the leased capacity; that financing is not itself a compute deal and is not a separate ledger row.