Riot Platforms Secures Long-Term Partnership with Anthropic
Riot Platforms, a major player in the cryptocurrency mining industry, has successfully secured an extensive long-term partnership with the AI firm Anthropic. As per a recent report from Bloomberg, this 20-year deal involves Anthropic leasing 191 megawatts of power capacity from Riot’s facility located in Rockdale, Texas. This contract is projected to yield revenues of roughly $9.1 billion for Riot, with options for two five-year extensions that could raise the total potential earnings to around $16.1 billion.
Riot’s Rockdale Facility and Power Capacity
Riot’s Rockdale site is equipped with a total interconnection capacity of 700 megawatts, and the company boasts a comprehensive power portfolio that includes approximately 1.7 gigawatts of fully sanctioned power capacity. This new agreement with Anthropic adds to Riot’s growing list of strategic alliances, including a previous collaboration with Advanced Micro Devices (AMD), which played a pivotal role in developing its data-center operations. Initially, AMD contracted for 25 megawatts at Rockdale before opting to increase that amount to 50 megawatts.
Financial Performance and Bitcoin Sales
In the first quarter of the year, Riot generated $33.2 million in revenue from its data-center activities. Moreover, the company has been actively selling Bitcoin (BTC) to maintain liquidity. In Q1 2026 alone, Riot sold 3,778 BTC, garnering approximately $289.5 million at an average net price of $76,626 for each Bitcoin—a sale volume that was over double the 1,473 BTC that the company mined during the same period.
Proactive Approach to Bitcoin Assets
This recent liquidation is not an isolated incident; in December 2025, Riot divested 1,818 BTC for $161.6 million and sold another 383 BTC in November for $37 million, reducing its Bitcoin holdings to 18,005 BTC by the end of the year. In January, the company also sold about 1,080 BTC to fund its $96 million acquisition of 200 acres in Rockdale, distinctly using proceeds from Bitcoin sales to finance the purchase.
This proactive approach highlights Riot’s strategy in leveraging its Bitcoin assets and demonstrates the potential financial benefits of its deal with Anthropic, marking a promising avenue for sustainable revenue generation.
