Riot could pay Anthropic 12% interest in AI deal
BROBROK News · Based on reporting by CoinDesk ·
Riot Platforms has moved to fund its data center expansion by selling most of its bitcoin. Under the latest agreement, Anthropic can finance part of the build and recover that amount through rent deductions, which could amount to a 12% return.
Key points
- Riot sold most of its bitcoin to help fund its pivot into data centers.
- The agreement is tied to a $28 billion AI-related project.
- Anthropic can finance part of the construction and be repaid through rent offsets.
- The structure could translate into 12% interest for Anthropic.
Why it matters
The deal highlights how Bitcoin miners are repurposing capital and infrastructure for AI-related demand. It also shows how large data center contracts can blend financing and operating payments in ways that affect project economics.
Original headline: “Bitcoin miner Riot could pay Anthropic 12% interest under $28 billion AI deal”
Summary and analysis written by BROBROK News from the original report. Read the full story on the source website. Not investment advice.