Anthropic signs $9.1B, 20-year data center lease with Bitcoin miner Riot Platforms
Anthropic leased 191 megawatts — power for roughly 143,000 homes — at Riot Platforms' Rockdale, Texas site for 20 years, at $9.1 billion and up to $16.1 billion with two five-year extensions. The structure is the signal: Riot builds, powers, cools, and operates the site while Anthropic supplies its own servers and chips, turning a Bitcoin miner into a frontier-lab landlord. None of it runs before December 2027, when the first 96 megawatts go live, with the remainder by June 2028.
Source: the-decoder.com ↗
Riot will build a data center to the tenant's specs, providing the building, power connections, cooling, and operations.
Bloomberg
Why this matters
- → AI labs are now the anchor tenants for new power infrastructure projects.
- → Anthropic's multi-gigawatt strategy signals sustained computing demand at scale.
- → Bitcoin mining operations pivoting to AI landlord role.
Bitcoin miner becomes AI landlord