The 20-year lease covers 191 megawatts of computing capacity at Riot's Rockdale, Texas, campus and runs through June 2048

Anthropic secures a $9.1 billion deal with Riot for AI computing power. Valuation hitting $1.25 trillion by December 31 at 83.5% YES.

The deal includes two five-year extension options that could raise the potential contract value to $16.1 billion.