Anthropic signs US$9 billion cloud deal with Riot Platforms

Published Aug 11, 01:58 AM UTC

Anthropic, the maker of the Claude AI model, has signed a US$9 billion cloud computing deal with Riot Platforms to secure sufficient computing power to meet customer demand. The deal involves Riot supplying 191 megawatts of computing capacity from its Texas campus to Anthropic under a 20-year agreement, according to sources familiar with the matter. This strategic move underscores the intense competition for computing resources in the AI industry, as companies like Anthropic race to scale their infrastructure to support growing demand for AI services. The agreement was reported by The Business Times on August 11, 2026.