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Home/News Feed/Riot Platforms shares jump 17% on $9.1B AI data center lease with Anthropic.
RIOT
$20.86
-$0.61 -2.84%

Riot Platforms shares jump 17% on $9.1B AI data center lease with Anthropic.

Market News
11 Aug 2026
24/7 Wall Street
View Source
Bullish
Riot Platforms shares jump 17% on $9.1B AI data center lease with Anthropic.

Riot Platforms' shares rose 17% after announcing a 20-year lease for a 191 MW AI data center at its Texas campus, expected to generate $9.1 billion in revenue through 2048. The lease with Anthropic marks a major shift from Bitcoin mining to large-scale data center development, boosting Riot's contracted capacity to 241 MW and long-term revenue to nearly $9.8 billion. Despite a quarterly net loss, analysts raised price targets, viewing the company as a key AI infrastructure player. Investors will watch for progress on the lease, financing, and construction milestones.

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