Riot deal could leave Anthropic paying 12% interest
In short
Riot has sold most of its bitcoin to help pay for a move into data centers. A latest agreement gives Anthropic a way to help finance part of the build, and the setup could make the interest rate work out to 12% under the $28 billion AI deal.
What the reporting says
Riot has sold most of its bitcoin to fund its move into data centers, and a latest agreement gives Anthropic a way to finance part of the build and collect interest through rent deductions.
Why it matters
Riot has sold most of its bitcoin to help fund a shift into data centers, and the latest agreement gives Anthropic a financing route tied to rent deductions and interest. This matters for Riot’s capital needs, Anthropic’s financing costs, and the scale of spending in AI-linked infrastructure.