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Riot Platforms stock jumps 25% on $9.1B AI data center deal with Anthropic.

Market News
11 Aug 2026
Finbold
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Bullish
Riot Platforms stock jumps 25% on $9.1B AI data center deal with Anthropic.

Riot Platforms' stock surged nearly 25% after announcing a 20-year AI data center lease deal worth $9.1 billion with a leading AI lab, reportedly Anthropic. The contract will provide 191 megawatts of IT capacity at Riot's Texas campus, with potential extensions raising the deal to $16.1 billion. This deal marks Riot's shift from Bitcoin mining to AI infrastructure, complementing its recent AMD partnership. Despite a Q2 net loss, investors focus on the long-term revenue and growth potential from AI infrastructure.

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