Anthropic · Claude · AMD · The Block
Riot Platforms stock jumps 25% after-hours on $9.1 billion AI deal reportedly with Anthropic
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Riot Platforms announced it has signed a 20-year data center lease agreement with a "leading frontier AI lab" expected to generate roughly $9.1 billion in total contract revenue over the term.
Key facts
- For the three months ended June 30, Riot reported total revenue of $174.2 million, a 14% increase from $153 million a year earlier
- Riot's Nasdaq-listed shares (RIOT) closed down 5.46% on Monday but surged 25.26% during after-hours trading, currently at $24.3
- The company recorded a net loss of $237.2 million, or $0.68 per diluted share, compared with net income of $219.5 million, or $0.58 per share, in the second quarter of 2025
- In over six months, Riot has now executed leases totaling 241 megawatts of capacity, representing approximately $9.8 billion of long-term, contracted revenue with two of the most important companies
Summary
The agreement covers 191 megawatts of IT capacity at Riot's Rockdale campus in Texas and is expected to run through June 2048, according to a company statement. The delivery will be phased, with the first 96 megawatts targeted for December 2027 and the full 191 megawatts by June 2028. While the company did not name the partner, earlier today that it is Anthropic, the AI firm behind Claude. Riot's Nasdaq-listed shares (RIOT) closed down 5.46% on Monday but surged 25.26% during after-hours trading, currently at $24.3.