this is extremely bearish for crypto. it's more profitable to resell compute capacity than mine.
bitcoin can't recover while the above is true
BREAKING: Anthropic has struck a $9.1 billion deal with Riot Platforms, a Bitcoin miner that recently started selling AI data center capacity.
Riot shares surged +25% in after-hours trading after the news.
Riot will supply 191 megawatts of computing from its Rockdale, Texas campus - enough to power roughly 143,000 homes.
The contract runs 20 years, through June 2048. It can be extended twice, by five years each, pushing total sales as high as $16.1 billion.