Crypto · November 5, 2026
Riot Names Anthropic As Tenant In $28 Billion Texas Lease
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The deal covers 910 megawatts (MW) of critical IT capacity, bringing Anthropic's total contracted capacity with Riot to 1,101 MW. Under the terms, Riot will construct and maintain the power infrastructure while Anthropic pays for electricity and rent. Additionally, the lease limits Riot's ability to voluntarily curtail power to the tenant's load without Anthropic's consent, though mandatory grid orders remain exempt.
Read the original coverage
- CoinDeskCrypto trade press
Bitcoin miner Riot could pay Anthropic 12% interest under $28 billion AI deal
Read at CoinDesk ↗ - CryptoSlateCrypto trade press
Riot's $28 billion AI lease gives Anthropic a veto on voluntary power cuts
Read at CryptoSlate ↗ - Bitcoin MagazineCrypto trade press
Riot Names Anthropic As Tenant In $28 Billion Texas Lease
Read at Bitcoin Magazine ↗
Hype check
How the hype check worksConfirmed · 1
Backed by filings, on-chain data, official statements or several independent publishers.
- Anthropic is the tenant for the Corsicana lease. (Riot Platforms)
Claimed · 1
Said by a company, project or person; not yet independently confirmed.
- The capacity will be delivered in phases through July 2028. (Riot Platforms)
Speculation · 0
Price talk, forecasts or unnamed sources, quoted as someone else's view.
- None identified.
Reported by multiple outlets
- Riot Platforms named Anthropic as the tenant for its Corsicana lease.
- The agreement covers 910 MW of critical IT capacity at the Corsicana campus.
- The deal became binding on November 4 after board approval and technical sign-offs.
- Riot requires Anthropic's consent for voluntary power curtailment or demand-response enrollment.
- Mandatory grid or utility orders are exempt from the tenant-consent requirement.
Reported by only some outlets
- Riot has sold most of its bitcoin to fund its data center transition.
- Interest is expected to be paid back through rent deductions.
- Anthropic is also the tenant for Riot's 191 MW Rockdale lease.
- The Corsicana capacity is targeted for phased delivery through July 2028.
- Base rent is reported by Bitcoin Magazine at $130 per kilowatt per month.
Industry-friendly coverage frames it as…
emphasize the strategic pivot from bitcoin mining to AI infrastructure and the significance of securing a major tenant like Anthropic.
Skeptical / consumer coverage frames it as…
highlight the potential high cost of capital (12% interest) and the loss of flexibility in Riot's power curtailment strategy, which was previously a key revenue driver.
Numbers that differ
- 1,101 MW: Total Anthropic capacity reported by Bitcoin Magazine; other outlets focus primarily on the 910 MW Corsicana portion.
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CadNews does not determine absolute truth or endorse political viewpoints. It compares publicly available reporting, identifies shared facts, highlights framing differences, and flags uncertainty.