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Riot Platforms shares jump after report of $9.1B AI deal with Anthropic

The reported agreement would have contract value rising to as much as $16.1 billion if two five-year extension options are exercised.

Reported · Written up by our desk · Market Structure

Riot Platforms’ stock surged in after-hours trading following a report that the company has landed a large AI-related deal with Anthropic, according to The Block.

The deal is described as worth $9.1 billion and includes two five-year extension options, which could increase the potential contract value to $16.1 billion.

The report suggests the extensions would extend the deal’s duration, raising the upside for the contract’s total value if those options are taken up.

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