Riot Platforms strikes deal with Anthropic as bitcoin miners shift focus to AI infrastructure

Bitcoin miner Riot Platform has agreed to lease 191 megawatts of computing power to Anthropic (an AI company) for $9 billion over 20 years, marking a shift from bitcoin mining to providing infrastructure for AI systems. As cryptocurrency prices remain low and AI demand surges, bitcoin mining companies are increasingly pivoting to become AI infrastructure providers, since AI companies need the same scarce power and computing resources that miners already own.