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Crypto

Anthropic signs 20-year, $9 billion AI compute deal with Riot

Bitcoin miner Riot Platforms has signed a 20-year compute agreement with Anthropic worth $9 billion. Under the deal, Anthropic will lease 191 megawatts of power at Riot’s Rockdale, Texas campus. Riot had previously described the counterparty only as a leading frontier AI company. The contract is seen as a step toward shifting Riot’s business from bitcoin mining to AI infrastructure leasing, with revenue projected to rise further if extension options are exercised.

Industry

Tesla buys up others\' electricity. Why when it makes solar too?

Tesla has agreed to buy 90 percent of the power from a large solar and energy storage project in Arizona under a long-term deal. It also signed a separate power purchase agreement the same day to take all output from a 140 MW solar plant under development in northeast Texas. The deals total more than 640 MW of solar capacity and 360 MW of battery resources, reflecting rising power demand tied to factories and AI computing infrastructure.

Crypto

Galaxy Digital, Mara secure Texas sites to expand AI infrastructure

Galaxy Digital and Mara Holdings have each secured new sites in Texas as they move to expand infrastructure for artificial intelligence, high-performance computing and bitcoin mining. Galaxy Digital said it bought a 500-acre site in McGregor to build its second AI and HPC data center campus in the state, starting at 74 megawatts and expanding in phases. Mara said it signed a deal to acquire a 1,200-acre, power-connected site in Matagorda County with access to up to 2 gigawatts.