Riot (RIOT) Names Anthropic as Tenant in $28 Billion Texas Lease, Could Owe It 12% Interest

Bitcoin Magazine Riot (RIOT) Names Anthropic as Tenant in $28 Billion Texas Lease, Could Owe It 12% Interest Riot Platforms’ unnamed “Frontier AI Lab” is Anthropic, the bitcoin miner disclosed in its quarterly report filed Wednesday, naming the Claude developer as the tenant behind a 15-year lease worth about $28 billion on its Corsicana, Texas campus. The company’s results release on the same day described the tenant only as a “leading Frontier AI Lab.” The 10-Q is more specific. It says a Riot subsidiary signed the lease on Oct. 28 “with Anthropic PBC (the ‘Frontier AI Lab’),” and the deal became binding on Nov. 4 after Riot’s board approved it and outside consultants signed off on the technical specifications.

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