Riot Platforms sells 4,300 BTC to fund operations and its pivot toward AI infrastructure

'Clear scale up path': Bernstein sees 80% upside for Riot after reported $9.1 billion Anthropic deal

Riot secured $9.1B colocation deal with Anthropic for 191 IT MW in Texas—$457M annual revenue, 84% EBITDA margins. Frontier AI labs require massive compute infrastructure; data center margins surpass mining, redirecting enterprise capex toward AI deployment.