According to a report by theblock, Riot Platforms has signed a 20-year data center lease agreement with a 'leading cutting-edge AI lab' to provide 191 megawatts of IT computing capacity for its Rockdale campus in Texas, with expected revenue of approximately $9.1 billion over the contract period. The agreement is valid until June 2048 and includes two five-year extension options, which, if fully exercised, could bring the total contract value to $16.1 billion. Sources indicate that the partner is AI company Anthropic, but neither party has officially confirmed this.
