Riot may pay Anthropic 12% interest under $28 billion AI deal as miner sells most of its bitcoin

Riot Platforms has signed a 15-year, $28 billion agreement to supply Anthropic with 910 megawatts at its Corsicana, Texas campus, with capacity phased in through July 2028 and average annual rent of about $1.8 billion once fully operational. The project costs roughly $5.5 billion, including up to $3.6 billion in reimbursements to Anthropic, recoverable through rent deductions carrying 12% annual interest. Riot plans debt financing covering 80–90% of costs, has sold about $1.5 billion in bitcoin, and expects first rent in June 2027.

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