Riot Platforms surges 20% in pre-market trading on $9.1 billion Anthropic deal
The bitcoin miner’s 20-year agreement highlights an industry-wide shift toward AI infrastructure revenue.
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Summary
- Riot Platforms shares surged more than 20% before U.S. equity markets opened on Tuesday after the company signed a $9.1 billion deal to provide Anthropic with computing resources for AI.
- The 20-year agreement gives Anthropic 191 megawatts of computing capacity, with potential extensions lifting the value to $16.1 billion.
- The agreement reflects an industry-wide pivot from bitcoin mining to AI infrastructure as miners seek steadier revenue from their power-rich data center sites.
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Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.
Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.
Why it matters:
Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.
