Spending US$60 billion in three months: Anthropic signed a long-term contract with mining company Riot for 9.1 billion computing power, locked until 2048. According to Bloomberg, citing people familiar with the matter, Anthropic has finalized a cloud computing project worth US$9.1 billion with Bitcoin mining company Riot Platforms.

Spending US$60 billion in three months: Anthropic signed a long-term contract with mining company Riot for 9.1 billion computing power, locked until 2048. According to Bloomberg, citing people familiar with the matter, Anthropic has finalized a long-term cloud computing contract with Bitcoin mining company Riot Platforms worth US$9.1 billion, with an agreement period of up to 20 years. This is not an isolated transaction, but one of the many large-scale computing power purchases that Anthropic has signed recently, which reflects the reality that AI companies continue to be under pressure on the computing power supply side. Riot shares jumped 25% in after-hours trading after the news was announced, hitting $24.40. The contract covers the supply of 191 megawatts of computing power, equivalent to powering approximately 143,000 homes at the same time, from Riot’s data center campus in Rockdale, Texas. If both parties exercise two five-year extension options in the contract, the total contract value could be up to $16.1 billion, with the agreement extending all the way to June 2048. Even more exaggerated is the horizontal contrast. Prior to this, Anthropic had just signed a US$10 billion cloud computing agreement with Volta Infra Holdings, an infrastructure startup that had only been established for a few months; in May this year, it also reached an agreement with Musk's xAI, committing to purchase nearly US$45 billion in computing resources. The three agreements combined have exceeded US$60 billion, and the Claude developer’s aggressive stance in purchasing computing power has been fully exposed. via AI News (author: AI Base)