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Bitcoin miner Riot lands $9B Anthropic lease: Assessing impact on BTC as revenue expands
['Gladys Makena', 'Written By', 'Reviewed By', 'Muriuki Lazaro', 'Ishika Kumari', 'Kelvin Murithi', 'Erastus Chami', 'Benjamin Njiri']
AMBCrypto
Bitcoin miner Riot Platform is one of the major crypto players to fully expand its reach into the AI sector.
Riot Platforms and Anthropic strike a $9 billion dealIn a major boost for the company’s expansion plans, Riot Platforms announced a 20-year data center lease with Anthropic.
Share prices jump 25% with the dealRiot platforms recently started selling AI data center capacity, and the move is paying off.
Although Riot Platforms disclosed its major AI deal, the company also reported major losses.
Now, with the AI venture paying off and revenue rising to $23 million, it could be a boost for BTC.