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
Checked on September 19, 2026. The cited source supports every part of this claim.
The document states every part of this claim: the $9B 20-year deal, 191 MW at Rockdale TX, $9.1B initial revenue, and up to $16.1B with two five-year extensions.
Confirmed in the source:
- Riot announced a $9 billion, 20-year compute agreement with Anthropic
- The deal leases 191 megawatts of capacity at Riot's Rockdale, Texas campus
- The agreement is expected to generate $9.1 billion in revenue over its initial term
- Revenue could rise to roughly $16.1 billion if two five-year extension options are exercised
What we did: Read our cached copy of the publisher (https://www.tikr.com/blog/jpmorgan-riot-platforms-price-target-22-digital-infrastructure) in full (8,589 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
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.”