Cryptocurrency and blockchain-related stocks surged in premarket trading on Thursday after U.S. President Donald Trump urged Congress to pass legislation establishing clear rules for the digital asset sector, following a White House meeting with industry executives.
The agreement is expected to generate $9.1 billion in revenue over its 20-year term. Most publicly traded bitcoin miners are increasingly valued by investors as owners of digital infrastructure rather than merely producers of bitcoin
Riot Platforms Inc (NASDAQ:RIOT) shares rose about 4% on Tuesday after the bitcoin mining company announced a 20-year data center lease with a leading frontier AI lab in a deal valued at approximately $9.1 billion over its initial term. The tenant was not identified by Riot, but the deal has been widely reported to be with Anthropic.
Riot Platforms shares are surging on a deal with a big name in AI.
Riot Platforms, the Bitcoin miner-turned-data center operator, discloses a $9.1 billion compute supply deal with a frontier artificial-intelligence giant. That customer is Anthropic, a source familiar with the matter confirmed to Barron's.
Riot Platforms RIOT shares surged about 14% in premarket trading on Tuesday after a Bloomberg report identified Anthropic as the "leading frontier AI" company behind the Bitcoin miner's newly announced $9.1 billion infrastructure agreement. Riot had disclosed on Monday that it secured a 20-year contract to provide 191 megawatts of computing capacity from its Rockdale, Texas campus, enough to po...
Stock futures are pointing slightly higher after a sluggish start to the week, as investors await the release of several AI-related earnings reports after the closing bell; oil prices are wavering as hopes of an Iran deal have faded; Intel raised its stock offering to $20 billion from $15 billion; shares of Riot Platforms are soaring after the crypto miner-turned cloud computing firm inked a bi...
