Riot Platforms Stock Jumps 25% on Reported $9.1B Anthropic Deal as Intel Plans $15B Stock Offering
Riot Platforms shares jumped 25% in after-hours trading following a report that the Bitcoin miner struck a $9.1 billion compute deal with AI company Anthropic, according to The Block.
The agreement covers 191 megawatts of capacity from Riot’s Rockdale campus in Texas, according to Cointelegraph, which put the deal’s value at $9 billion. The Block reported the contract includes two five-year extension options that could raise its total potential value to $16.1 billion.
Separately, Intel is planning a $15 billion stock offering as AI demand accelerates, according to CNBC. CNBC reported that technology companies have already spent trillions of dollars supporting AI infrastructure buildout.
Sources: CNBC, The Block, Cointelegraph
This article is for information only and is not financial advice.
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