Anthropic signs $9.1 billion data center deal with Riot Platforms

Anthropic has signed a $9.1 billion data center deal with Riot Platforms to develop AI infrastructure in Texas. This agreement reflects a strategic shift for crypto mining firms, redefining them as energy businesses focused on stable AI revenue. Following the announcement, Riot Platforms stock surged 17%, while other AI infrastructure peers, including IREN, Applied Digital, and TeraWulf, also saw gains. The partnership emphasizes the growing demand for specialized power and facilities to support advanced AI systems.