UPDATE: Riot names Anthropic as partner in $28B AI deal with 12% interest term
CIE News ·
Update to Riot Platforms shares gain after reported $28B AI lease deal
Based on reporting by CoinDesk; not yet independently confirmed.
Anthropic has been identified as the partner in Riot Platforms' $28 billion AI agreement, which permits Anthropic to fund data center construction and collect up to 12% interest via rent deductions.
Riot Platforms has partnered with Anthropic in a $28 billion artificial intelligence infrastructure agreement, CoinDesk reported. As previously reported, Riot shares rose following the initial announcement of the multi-billion-dollar lease.
Under the deal structure, Anthropic is permitted to finance part of the data center construction, according to CoinDesk. Riot could pay Anthropic a 12% interest rate, which Anthropic would collect through rent deductions.
To fund its ongoing transition into data center operations, Riot previously sold most of its Bitcoin (BTC) reserves, according to reports from CoinDesk and Cointelegraph.
Key facts
- $28B AI deal
- Partnered with Anthropic
- Potential 12% interest
- Riot sold most BTC