Riot Platforms is trading 9.69% up at $21.28 after reports identified Anthropic as the customer behind its 20-year, 191-megawatt AI data-center lease.

  • The agreement could generate approximately $9.1 billion in base-term revenue and up to $16.1 billion with extensions.
  • Q2 revenue beat estimates at $174.2 million, though Riot reported a $237.2 million net loss.
  • The move sharply outweighs broader market weakness.