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Riot Platforms' 20-year data-center agreement with Anthropic carries an estimated $9.1 billion headline value, Barron's reported, a figure that exceeded the company's roughly $7.3 billion pre-deal market capitalization, per Business Insider.
The case for revaluing Riot's infrastructure is real.
What complicates it: that $9.1 billion is projected revenue accruing over two decades, not a lump sum, and Riot must still build out AI-grade capacity at its Rockdale, Texas, site before earning a dollar of it.
What the power portfolio is actually worth Riot entered the deal with nearly 2 gigawatts of fully certified power in its portfolio, the company says.
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