Riot Platforms stock jumps 25% after-hours on $9.1 billion AI deal reportedly with Anthropic

JUST IN: Riot Platforms stock jumps 25% after hours on a reported $9.1 billion AI deal with Anthropic, worth up to $16.1 billion with two five-year extension options. $RIOT

Riot Platforms just jumped twenty-five percent after hours. Twenty-five.

The trigger: a reported nine point one billion dollar AI deal — with Anthropic, of all people. And it gets bigger. With two five-year extension options, the whole thing could be worth up to sixteen point one billion. Riot, remember, built its name mining bitcoin — you can see one of their facilities here — warehouses full of machines chewing through electricity. Turns out that power and that infrastructure is exactly what AI companies are starving for, and Anthropic apparently came shopping.

This is the playbook now: bitcoin miners quietly becoming AI landlords, and the market pays up every single time it happens. The question is whether the after-hours pop survives daylight, when everyone reads the details.

So: Riot still up twenty percent or more at tomorrow's close.

This is Sara White, reporting for HIT.

Source Read the original reporting at theblock.co