Rocket Lab Drops on Launch Pushback; Riot Platforms' Anthropic Deal | Stock Movers
TL;DR
Anthropic has struck a $9.1 billion deal with Riot Platforms, a Bitcoin mining company that recently started selling AI data center capacity. Riot secured a 20-year agreement to supply 191 megawatts from its Rockdale, Texas campus to a leading frontier AI company.
Nauti's Take
A 9.1 billion dollar deal for 191 megawatts shows the potential of a new energy market: Bitcoin miners are turning into landlords for AI compute and re-monetising infrastructure they already own. The risk sits in the duration, since a 20-year commitment assumes compute demand stays this high for decades.
Energy and infrastructure investors get a new field here, while power becomes a strategic dependency for Anthropic.
Summary
Anthropic has struck a $9.1 billion deal with Riot Platforms, a Bitcoin mining company that recently started selling AI data center capacity. Riot secured a 20-year agreement to supply 191 megawatts from its Rockdale, Texas campus to a leading frontier AI company.
Rocket Lab shares fall as much as 5.7% after its Neutron timeline softened, with an initial launch possibly slipping to 2027. Babcock & Wilcox rose on a steam turbine agreement with Siemens Energy, while On Holding dropped as much as 17% on weaker than expected second-quarter sales.
Sources