Market source Deals and strategy
Bitcoin Miner Riot Platforms Just Signed a $9 Billion Compute Deal With Anthropic. Why AI Is Now the Key to Valuing Bitcoin Mining Stocks.
Bitcoin mining company Riot Platforms recently secured a significant $9 billion, 20-year agreement to provide AI compute services to Anthropic, with potential for an additional $7 billion from extensions. This deal highlights a growing trend among Bitcoin miners to pivot their data center infrastructure towards AI, offering a new valuation metric for these companies as the crypto market …