Riot Platforms strikes deal with Anthropic as bitcoin miners shift focus to AI infrastructure

Bitcoin miner Riot Platform has struck a $9 billion, 20-year compute deal with Anthropic

The top 3

  1. Top 3 Largest AI Infrastructure Deals by Miners: TeraWulf secured a $19 billion 20-year data center lease with Anthropic, followed by Hut 8's potential $17.7 billion 15-year deal with Anthropic and Fluidstack, and Riot Platforms' $16.1 billion potential 20-year agreement with Anthropic.
  2. Top 3 Miners with High Data Center Capacity: Hut 8 is developing up to 2,295 MW of AI data center infrastructure, followed by CleanSpark with a 1 GW+ portfolio and a 2 GW development pipeline, and Core Scientific with 590 MW across six sites.
  3. Top 3 Drivers for Miners' AI Pivot: The primary drivers for Bitcoin miners diversifying into AI include significantly higher operating margins (80-90%) from AI contracts, weak cryptocurrency prices impacting mining profitability, and leveraging existing power infrastructure and data center assets suitable for AI's high energy demands.

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