Riot Names Anthropic As Tenant In $28 Billion Texas Lease
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Riot Platforms’ binding contract with Anthropic for an AI data center in Corsica makes voluntary loading cuts conditional on the tenant’s consent. The agreement provides for 910 MW in instalments up to 2028 and an estimated rental value of $28 billion, although Riot will face construction costs and possible credits before withholding those revenues.
Riot Names Anthropic As Tenant In $28 Billion Texas Lease
Riot Platforms’ unnamed “Frontier AI Lab” is Anthropic, the bitcoin miner disclosed in its quarterly report filed Wednesday, naming the Claude developer as the tenant behind a 15-year lease worth about $28 billion on its Corsicana, Texas campus. The company’s results release on the same day described the tenant only as a “leading Frontier AI Lab.” The 10-Q is more specific. It says a Riot subsidiary signed the lease on Oct. 28 “with Anthropic PB…
Riot Platforms' $28B Anthropic lease details
Riot Platforms' binding lease for 910 MW in Corsicana, Texas, grants Anthropic veto power over voluntary curtailments, altering the miner's Texas power strategy. Read the original on Riot Platforms $28 billion lease ties power cuts to Anthropic consent. For more crypto news and analysis, visit TheCurrencyAnalytics.com.
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