Bitcoin Miner Riot Faces 12% Interest Under $28 Billion Anthropic AI Deal
Key Highlights: Riot Platforms has finalized a massive $28 billion deal with Claude developer Anthropic to convert 910 megawatts of its Corsicana, Texas site into AI infrastructure. Total project costs are projected at $5.5 billion, which includes up to $3.6 billion to reimburse Anthropic for datacenter construction, carrying a potential 12% interest rate. Once fully ...