Anthropic compute agreement
Company: Riot - Project: Rockdale
The claim, verbatim
Riot signed a $9 billion, 20-year compute agreement with Anthropic to lease 191 megawatts of capacity at its Rockdale, Texas campus, expected to generate $9.1 billion in revenue over its initial term, potentially rising to $16.1 billion with two five-year extension options
Source (primary)
JPMorgan Boosts Riot Platforms Price Target to $22 on Digital Infrastructure Strength - TIKR.com (-, news_article)
View cached copy (2026-08-31)Live source ↗
Quote: “Riot announced a $9 billion, 20-year compute agreement with Anthropic. The deal leases 191 megawatts of capacity at Riot's Rockdale, Texas campus, giving Anthropic access to scarce, grid-connected power at a time when demand for AI computing keeps climbing. The agreement is expected to generate $9.1 billion in revenue over its initial term, a figure that could rise to roughly $16.1 billion if two five-year extension options are exercised later.”
How we checked this
This claim has not yet been checked assertion-by-assertion against its source. It carries a cited source and quote, but the deeper check has not run. When it does, the result appears here whatever it says.
Additional evidence
confirms JPMorgan Boosts Riot Platforms Price Target to $22 on Digital Infrastructure Strength - TIKR.com
Quote: “Riot announced a $9 billion, 20-year compute agreement with Anthropic. The deal leases 191 megawatts of capacity at Riot's Rockdale, Texas campus, giving Anthropic access to scarce, grid-connected power at a time when demand for AI computing keeps climbing. The agreement is expected to generate $9.1 billion in revenue over its initial term, a figure that could rise to roughly $16.1 billion if two five-year extension options are exercised later.”