Riot and Anthropic Sign 28000000000 USD AI Data Center Agreement, Plan to Launch Financing in 2027

AT A GLANCE

Riot said it will provide 910 megawatts of data center capacity to Anthropic, with the total agreement value approximately 28000000000 USD.

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Mining company Riot signs 28000000000 USD AI data center agreement with Anthropic, may pay it 12% annual interest

BlockBeats news, November 5, Bitcoin mining company Riot Platforms signed a 15-year agreement with Anthropic worth approximately 28000000000 USD in total, under which it will provide Anthropic with 910 megawatts of data center capacity at its Corsicana campus in Texas, United States. Once fully operational, it is expected to generate average annual rental income of approximately 1800000000 USD.

However, project construction costs are expected to reach as high as 5500000000 USD, of which approximately 1800000000 USD will be used for Riot's own site and power infrastructure construction, and up to 3600000000 USD will be used to compensate Anthropic for its data center facility construction costs. Riot plans to cover 80% to 90% of project costs through debt financing, and expects to invest approximately 500000000 to 1100000000 USD of its own funds, with financing work scheduled to begin in 2027.

Notably, according to quarterly filings submitted by Riot, Anthropic can recover eligible facility construction costs by offsetting them against future rent, and receive 12% annual interest. This means Riot may need to bear interest expenses corresponding to billions of USD in construction costs, on top of rent.

Riot has previously been continuously selling Bitcoin to finance its data center transformation. In the first 9 months of 2026, the company cumulatively sold 20,264 BTC, cashing out approximately 1500000000 USD. As of the end of September, it held only 2,418 BTC, and expects to continue selling nearly all newly mined Bitcoin in the future. The first batch of data center capacity for the project is expected to be delivered in June 2027.

Original link https://m.theblockbeats.info/flash/375715

Key points

Riot Platforms has signed a 15-year agreement with Anthropic worth approximately 28000000000 USD.
The agreement involves 910 megawatts of data center capacity at the Corsicana campus in Texas, USA, with the first batch of capacity expected to be delivered in June 2027.
The project construction cost is expected to be approximately 5500000000 USD, and Riot plans to cover 80% to 90% of the project cost through debt financing.
Anthropic can recover eligible facility construction costs by offsetting them against future rent, and receive 12% annual interest.
Riot stated that it sold 20,264 BTC in the first 9 months of 2026, cashing out approximately 1500000000 USD.

AI-assisted interpretation

The following is analysis, separate from reported facts. Verify important claims independently.

This is a long-term data center partnership, but construction costs, debt financing, and rent-offset-interest arrangements may increase Riot's financial pressure.

Why it matters to readers

The agreement brings potential rental income, while involving approximately 5500000000 USD in construction costs, a relatively high proportion of debt financing, and a 12% annual interest arrangement.

Beginners can focus on whether contractual revenue has been realized, whether construction is completed on schedule, and debt and interest costs.

Risks and unknowns

The materials do not include the original Riot announcement or quarterly filings, and the 12% interest and rent offset provisions still require verification against primary documents.
The financing is planned to be launched in 2027, and the actual financing scale, interest rate and terms have not yet been clarified.
It remains uncertain whether the first batch of data center capacity can be delivered in June 2027.

Riot and Anthropic Sign 28000000000 USD AI Data Center Agreement, Plan to Launch Financing in 2027

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