ATLAS summary · The Block · August 11, 2026
Riot Platforms stock jumps 25% after-hours on $9.1 billion AI deal reportedly with Anthropic
- Riot Platforms' stock surged 25% after hours following reports of a $9.1 billion deal reportedly with AI company Anthropic.
- The contract includes two five-year extension options, which could push the total value to $16.1 billion.
- Riot Platforms is primarily known as a Bitcoin mining company, and this deal would mark a major shift toward AI infrastructure.
- The reported partnership signals growing demand for large-scale computing power to support AI development.
Source: The Block — Read the full original article at theblock.co.
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