2 months ago
Bitcoin miner Riot Platforms said it secured a 20-year statement to proviso 191 megawatts of capableness from its Rockdale, Texas, field to a “leading frontier AI” company, according to a Monday property release.
The lawsuit is Anthropic and the woody is valued astatine astir $9 billion, Bloomberg reported Monday, citing radical acquainted with the matter.
Cointelegraph has approached Anthropic and Riot for comment.
Anthropic besides struck a $19 cardinal deal for a 20-year information halfway lease with Bitcoin miner TeraWulf connected July 6.
The reported statement would adhd Riot to a increasing database of Bitcoin miners expanding into AI and high-performance computing, including Bitdeer, CleanSpark, MARA Holdings, Core Scientific, Hut 8 and IREN.
Riot’s shares fell 5.4% connected Monday but roseate much than 21% successful overnight trading. The banal is up much than 53% year–to–date, according to Yahoo Finance data.
Riot ranks arsenic the world’s fourth-largest Bitcoin mining institution with a $7.33 cardinal marketplace capitalization, according to CompaniesMarketCap data.
Bernstein said successful a July 23 study shared with Cointelegraph that partnerships betwixt AI companies and Bitcoin miners are indispensable to code the powerfulness crunch constraining AI information centers.
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